MarketWatch senior reporter Jon Swartz and Windows Central executive editor Daniel Rubino discuss whether Slack should be concerned about Microsoft Teams.
Slack may have bagged one of its biggest customers yet.
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Shares spiked more than 20 percent Monday, before pulling back, on reports that IBM employees, around 350,600 of them, will be moving to the workplace messaging system.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| WORK | SLACK TECHNOLOGIES INC. | 26.51 | +3.52 | +15.31% |
| IBM | INTERNATIONAL BUSINESS MACHINES CORP. | 152.96 | -0.45 | -0.29% |
| MSFT | MICROSOFT CORP. | 187.01 | +3.12 | +1.70% |
FOX Business’ inquiries to IBM and Slack were not immediately returned by the time of publication. Business Insider was first to report the developments.
Slack, which went public last July, competes directly with Microsoft’s Teams, a similar product. The company’s most recent customer update appears to be the addition of SiriusXM, the world’s largest audio entertainment company, according to Slack’s blog.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| SIRI | SIRIUS XM HOLDINGS INC. | 7.15 | +0.04 | +0.56% |
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Last month IBM’s longtime CEO Ginny Rometty announced her retirement.
IBM NAMES NEW CEO, GINNY ROMETTY TO RETIRE
IBM’s board of directors elected Arvind Krishna as the company’s new chief executive officer, he will take over the CEO role effective April 6, the company announced.
