Slack is 'the only company in the world' that looks like Facebook and isn't public: Board member Chamath Palihapitiya

  • 📰 CNBC
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

Slack is 'the only company in the world' that looks like Facebook and isn't public: Palihapitiya

Slack CEO Stewart Butterfield "understands the product to a level of sophistication that I have not seen since Facebook," said Palihapitiya, who previously led user growth at Facebook and is now the CEO of Social Capital.

"When I was in the bowels of Facebook building that machinery, what I saw was a team that really understood product-market fit and the power of network effects and why that created an incredibly subsidized business, a thing that could expand all over the world at marginally zero cost," Palihapitiya said. "The only company in the world that looks like that today that is not yet public is called Slack, and it will be soon.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Shocking coming from an ex slack board member

Coming from the same guy who said Bitcoin will hit $50K

The user interface does not look like Facebook the company isn't even run like Facebook. Stop the bullshit!

I love this guy

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Slack valued near $17 billion on secondary market ahead of public offeringSlack investors are getting up to $28 a share to sell some of their holdings ahead of a public offering. I have no idea of SlackHQ’s financials going into the IPO, but I use it everyday and find it amazing w/ the simple chat layout and integration capabilities SaveThisTweet
Source: CNBC - 🏆 12. / 72 Read more »