
SoftBank Records Profit as Vision Fund Rebounds from Losses
Following an $18 billion loss in 2019, SoftBank Vision Fund added nearly 3 billion. The increase is turning SoftBank’s books around.
Following an $18 billion loss in 2019, SoftBank Vision Fund added nearly 3 billion. The increase is turning SoftBank’s books around.
Slack has hit Microsoft with an anti-trust complaint. This happened after Microsoft integrated Teams within Office.
Slack (WORK) stock was up 1.17% after hours to trade at around $35.46 after closing yesterday at $35.05 with an over 7% rise. Stephens raised its price target on WORK shares from $32 to $37.
Asana has taken a decision to go for an IPO via a direct listing, following Spotify Technology SA and Slack Technologies Inc. that were the first to raise capital this way.
Jefferies changed the ratings right before the earnings season. Analysts expect Microsoft’s revenues to rise 11% on a year-over-year basis to $32.2 billion.