47 ms·

IMHO: Great stock to own if/when its trading about 50% down from its IPO. I feel similarly concerning Slack.

• goatinaboat 7y ago
  If WeWork is valued similarly to its real (no pun intended) sector - which is not tech - it is worth 5-10% of its supposed market cap.
• human20190310 7y ago
  Why? I don't see how being down 50% is some kind of vaccine against being down 100%.
  • quaquaqua1 7y ago
    This is a really good comment. I remember when Blue Apron looked sensible at a 70% discount-- the stock is now at a 90% discount since its IPO.
• ApolloFortyNine 7y ago
  IMHO: Once Slack hits 50%, it must be on its way out. Slack is one of the most easily replaceable tech 'unicorns'. Your company could decide tomorrow to use one of the many competitors (or clones, since they all look just about the same) and the biggest downside for you would be having to resubscribe to channels. And that's if they don't build a migration tool for you. They're not even that great at what they do, they have regular downtime.
  • ValentineC 7y ago
    > Slack is one of the most easily replaceable tech 'unicorns'. Your company could decide tomorrow to use one of the many competitors (or clones, since they all look just about the same) and the biggest downside for you would be having to resubscribe to channels. As a tech community organiser, Slack's biggest appeal is that our members usually already have the desktop and mobile apps installed because of work, so it's relatively easy to onboard everyone by just asking them to add another workspace.