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June 20, 2019, 5:25 PM
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| Lauren Feiner / CNBC: |
Slack closes at $38.62, up 48.5% from its $26 reference price, on its first day of trading, valuing the company at about $20B — KEY POINTS — Slack surged 48.5% in its first day of trading on the New York Stock Exchange. It opened at a share price of $38.50, above the $26 reference price set by the exchange.
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Tweets: @lv_anderson, @eringriffith, @eddyelfenbein, @annehelen, @stewart, @danprimack, @donaldrichard, @mgsiegler, @nytimes, @hunterwalk, @ashleymayer, @ow, @sallyshin, @levie, @can, @benbajarin, @hansonohaver, @stevekovach, @slackhq, @scottmaustin, @wsj, and @cheddar
| Alex Konrad / Forbes: |
Slack's IPO is a boon for several high profile tech CEOs, including Jeff Weiner and Biz Stone, who made early angel investments, and saw returns of up to 1,600x — Even by Silicon Valley standards, Slack CEO Stewart Butterfield is a master of fundraising. The cofounder of tech's buzziest …
Tweets: @teddyschleifer, @alexrkonrad, @tomaxwell, @alexrkonrad, @alexrkonrad, and @n_sportelli
| Chance Miller / 9to5Mac: |
Apple says in a letter to US trade representative that tariffs on its products would make it less competitive and reduce its contribution to the US economy — Amid trade tensions between the United States and China, Apple this week sent a letter to United States Trade Representative Robert Lighthizer.
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The Verge, CNBC, Bloomberg, Financial Times, PCWorld, MacDailyNews, CNET, MacRumors, iPhone in Canada Blog, Variety, iPhone Hacks, and VentureBeat
Tweets: @stevekopack, @tim, @tim, and @tim
| Wall Street Journal: |
Sources: Apple is asking suppliers to study feasibility of shifting final assembly of some products out of China amid trade tensions — iPhone maker is asking suppliers to study moving final assembly of some products out of the country — Apple Inc. AAPL -.29% is asking suppliers …
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Tweets: @wsj, @s_rabinovitch, @connellmcshane, @omojuwa, @nickm4rro, and @baldingsworld
| JR Raphael / Computerworld: |
Google confirms it is getting out of the tablet business, canceling two unreleased smaller-sized tablets, but remains committed to Pixel phones and laptops — Here's an interesting little nugget of info to chew on: Google's decided to step away from its self-made tablets and focus instead on the laptop form.
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Business Insider, 9to5Google, AppleInsider, The Verge, MacRumors, 9to5Google, GeekWire, XDA Developers, Thurrott, Engadget, Android Authority, PCWorld, CNET, Android Police, iDownloadBlog.com, Droid Life, Liliputing, About Chromebooks, Android Central, TechnoBuffalo, and MSPoweruser
Tweets: @rosterloh, @backlon, @rosterloh, @martinsfp, @backlon, @suka_hiroaki, @mdrndad, @tomwarren, @hallstephenj, and @ow
| Chance Miller / 9to5Mac: |
Apple launches a voluntary recall and replacement program for 15" MacBook Pro units sold between September 2015 and February 2017 due to battery safety concerns — Apple today said that it is launching a voluntary recall and replacement program for the 15-inch MacBook Pro.
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Official Apple Support, Apple, The Register, CNN, Digital Trends, Telegraph, Gizmodo, BetaNews, Macworld, Bloomberg, CNET, MacRumors, iMore, The Verge, Business Insider, TechCrunch, Engadget, VentureBeat, Komando.com, SlashGear, 512 Pixels, InvestorPlace, TidBITS, Reuters, Softpedia News, and CNBC
Tweets: @98codes, @kylebaker, @markgurman, @horwitz, @markgurman, @reckless, and @reckless
| Hugh Son / CNBC: |
The CEO of online bank Current claims Facebook's Calibra subsidiary “ripped off” his company's logo; Facebook seems to have used the same design firm as Current — KEY POINTS — Facebook used the same San Francisco-based design firm for its crypto project unveiled this week …
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The Verge, Bloomberg, Fortune, and WeRSM
Tweets: @current, @bplewis, @oliverbeige, @stevekovach, @soppstu, and @mattrosoff. Thanks:@mattrosoff
| Wall Street Journal: |
A look at the proliferation of fake business listings and con artists on Google Maps, which experts estimate carries ~11M false listings on any given day — Millions of pushpins on Google Maps point to false business addresses created by firms pretending to be nearby
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The Verge and The Keyword
| David Ingram / NBC News: |
Inside Facebook's new Strategic Response team, tasked with quickly reacting to geopolitical events, as it grapples with Facebook's role in Myanmar and elsewhere — The Strategic Response team's job is to find and help put in place concrete changes to Facebook's products that could prevent violence in conflict-torn countries.
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CNBC. Tweets: @caseynewton, @wentword, @danieljkelley, @david_ingram, @learmonth, @david_ingram, @david_ingram, @david_ingram, @stevekopack, and @david_ingram
| Alan Ohnsman / Forbes: |
Waymo partners with Renault and Nissan to explore creating driverless mobility services in France and Japan — Waymo, Alphabet Inc.'s self-driving vehicle unit, is preparing to expand the scope of its autonomous tech efforts beyond the U.S. in a new partnership with the Renault-Nissan Alliance aimed …
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Waymo, TechCrunch, The Alliance, Digital Trends, Reuters, The Verge, Ars Technica, Engadget, 9to5Google, VentureBeat, and Financial Times. Tweets: @waymo
| Terry Spencer / Associated Press: |
A Florida city council votes to pay $600K ransom to hackers who, over three weeks ago, encrypted city records, disabled its email system, and more — FORT LAUDERDALE, Fla. (AP) — A Florida city agreed to pay $600,000 in ransom to hackers who took over its computer system … | Jon Porter / The Verge: |
Signify, formerly Philips Lighting, which makes Hue-branded smart lights, announces new Li-Fi lights called Truelifi with data transfer speeds of up to 150 Mbps — Signify's Truelifi can be retrofitted into existing Philips lights — Signify, the company formerly known as Philips Lighting … | Janko Roettgers / Variety: |
Instead of moving kids content to YouTube Kids, where existing problems could be replicated, YouTube Kids should invest in curation and product development — Facing mounting pressure over failures to protect children from inappropriate content, Google is reportedly considering a number of changes to its video sharing site YouTube.| Washington Post: |
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Tweets: @senmarkey, @cat_zakrzewski, @lam_barrett, @nytimesbusiness, @schemaly, @mrdylancollins, @senmarkey, @jason_kint, @gadyepstein, @tonyromm, @hshaban, and @tonyromm
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