As we know that Slack is now on the go, it is making much more money than we think, it should be because every company tries hard to get to success and slack is one of them. Its shares were opened at $38 on the day of Thursday, which was the company’s first day of trading in the stock market, which was up by 48% from a 26$ reference price on the day of Wednesday. Isn’t it good? you know what this massive opening gave the San Francisco-based startup a 19.5$ Billion Valuation, which is almost triple its total valuation of 7.1$ Billion. Don’t you think this is a lot? even Slack itself doesn’t think that they are going to get this top to the stock rates but they are now on the top, this was just a startup and now it has become the big company of San Francisco.
But every company faces losses, So on Friday, this startup falls back to earth, as its stock goes down from 3.63% to 37.22. But as they are lucky, Slacks value won’t be declared in its first week of trading!
As this startup rises in the stock market, whereas the bigger companies like the Entrepreneur Index was down, Amazon, Comcast, and Adobe Inc also saw a slight loss in their stocks but this company didn’t, so we can take this company as the future biggest company even if they stick to the strategy that they have planned.