Podcast: 8 Million Slack Users and Two Other Numbers You Need to Know

Numbers By Barron’s is a two-minute financial podcast with three vital numbers to start your morning. Available on iTunes, Stitcher, and wherever you get your podcasts-as well as on your Amazon Alexa smart speaker

Three numbers to start your day:

-suggesting around $300 million of annual recurring revenue for the workplace instant-messaging service. That has more than doubled in the past two years.

Slack’s latest funding round in September valued the company at $5.1 billion, although an earlier fundraise put it at over $7 billion.

Slack has spent much of 2018 preparing and may be the first so-called unicorn to go public in 2019.

At least two Wall Street banks bidding to take it public believe so.

That may seem like a stretch given Uber’s already lofty private market valuation. But Uber’s boosters say that once autonomous ride-hail vehicles replace human drivers, the company’s revenue and profits will explode.

In the meantime, however, the company is burning cash: In 2017 Uber generated a solid $7.8 billion in revenue, but spent $4.5 billion more than that.

-back in March 2017. The online home-sharing company is preparing to go public, but the process may stretch into 2020.

Airbnb recently asked the Securities and Exchange Commission to change its rules to allow it to grant stock to Airbnb’s hosts — while still being a private company. Currently, private companies can’t issue stock to contractors as compensation like they can for their employees.

That’s a major change in thinking: Most gig-economy companies including Uber have argued that their workers aren’t employees.

Numbers by Barron’s is a new daily podcast. Find out more here.

This episode was hosted by Nick Jasinski.

Write to Nick Jasinski at nicholas.jasinski@barrons.com

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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