Slack raises, Dropbox and Snap report earnings, and Magic Leap is real – TechCrunch
Hiya and welcome again to Fairness, TechCrunch’s enterprise capital-focused podcast the place we unpack the numbers behind the headlines.
This week Matthew Lynley and Alex Wilhelm had been joined by 500 Startups CEO Christine Tsai for what turned out to be an excellent packed episode.
We kicked off with the most recent from Slack: $400 million new at a shiny, new $7 billion valuation, based on TechCrunch. The brand new capital comes after the agency raised an enormous sum final 12 months from SoftBank’s Imaginative and prescient Fund.
We dug into why the corporate would elevate once more, and what rivals it has left after the Atlassian deal.
Subsequent up, two earnings stories. Persevering with our custom of preserving tabs on latest tech IPOs, we talked by way of Snap and Dropbox which reported earnings this week. Each misplaced floor after doing so. Mockingly, they every beat monetary expectations.
Snap ended up dropping worth over a DAU decline, and Dropbox’s fall continues to be a bit undetermined. However by the point this episode ships, maybe the market could have figured it out.
Subsequent up we scrolled by way of the important thing critiques of the commercially obtainable Magic Leap headset that’s out eventually. It’s a bit expensive, and a bit not-what-people-expected, however the well-funded startup appears to have averted a whole miss. Its second-generation gadget might show to be extra impactful.
And at last, massive information from China. As has change into the norm on Fairness, a number of massive Chinese language rounds captivated us. This time it was the Manbang information, and what’s occurring at Bytedance.
All that and we’ll be again in every week’s time. Keep cool!
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Supply hyperlink – https://techcrunch.com/2018/08/10/slack-raises-dropbox-and-snap-report-earnings-and-magic-leap-is-real/