Thanksgiving is a good time to reflect on the blessings of life, especially in difficult and uncertain times. In the technology industry, we have many reasons to give thanks, even as we remain aware of the challenges and hardships around us.
I firmly believe that now is absolutely the best time to be a technology leader. Our industry is truly driving and energizing the global economy. Collectively, the tech industry provides hope and support for billions of people all over the world, every day. We are a positive force for good, and I genuinely believe that we are making the world a better place.
I have faith in the tech leaders who are making the hard decisions every day and boldly guiding their organizations into unexplored territory. That’s why HMG Strategy has built the world’s most trusted peer-to-peer research capabilities.
Tesla Market Cap Exceeds $544 Billion
Tesla continues to astonish the market, demonstrating surprising resiliency in the face of a turbulent and unpredictable economy. Tesla shares rose on Tuesday, then sank on Wednesday before climbing again this morning. As of 8 a.m. Eastern today, the company’s market cap is more than $544 billion.
Tesla’s share price has increased 550% this year, notes Duffy. That is impressive! Keep your eye on Tesla as it continues innovating and transforming the world.
Salesforce in Talks to Acquire Slack
Salesforce seems likely to acquire Slack, according to news reports.
“Shares of Slack rose as much as 32% Wednesday after the Wall Street Journal first reported that Salesforce held talks to buy the company. Salesforce stock dropped around 4% on the news. The company is also scheduled to release its third-quarter earnings next week on Dec. 1,” write Alex Sherman and Jessica Bursztynsky of CNBC. “It’s unclear how much the deal would be worth, but Slack’s market cap ballooned to more than $20 billion following the WSJ’s original report.”
From my perspective, this would appear to be a great match-up, with benefits accruing to both firms, and to their customers. A deal may be announced next week, according to the reports.
Stripe, a Rising Fintech Startup, Seeks New Funding
Stripe, a payment processing software company, is apparently talking to investors and seeking a higher valuation.
“The valuation being discussed could be more than $70 billion or significantly higher, at as much as $100 billion, said one of the people, who asked not be identified because the matter is private,” write Katies Roof and Scott Deveau of Bloomberg. “That would make it currently the most valuable venture-backed startup in the U.S., according to CB Insights.”
