Stock market picks for the $340 billion supersonic jet industry, UBS

  • UBS is predicting that the supersonic jet industry will be worth $340 billion by 2040, according to a new research report.
  • “We  see  supersonic  bizjets  viable  in  the  late-’20s  and  supersonic  commercial  jets  in  the  mid-to-late-’30s with  hypersonic  travel  a  decade  later,” said UBS equity analyst, Myles Walton.
  • Business Insider lists the 17 stocks best-positioned to benefit from the booming supersonic industry.

By 2040, UBS envisions business travellers will once again be jetting around the globe faster than the speed of sound.

A recent UBS evidence lab survey found around 25% of over 6,000 respondents would be willing to pay for speed.

The last time passengers could travel at supersonic speeds was in 2003 when Concorde made its final flight. However, UBS is predicting a return to supersonic travel. In a new evidence lab report released on December 1, UBS equity analysts take a deep dive into the current, and

Read More

Salesforce bought Slack for $ 27.7 billion, more than what was paid for Instagram, WhatsApp or Skype

The software company acquired the business organization platform despite the fact that it reported operating losses equivalent to 93% of its revenues.

Free Book Preview Money-Smart Solopreneur

This book gives you the essential guide for easy-to-follow tips and strategies to create more financial success.


4 min read

This article was translated from our Spanish edition using AI technologies. Errors may exist due to this process.


The American company Salesforce , dedicated to creating software for customer relationship management (CRM), bought Slack Technologies , the platform designed for organization and internal communication of companies. The transaction caused astonishment, as they paid $ 27.7 billion, more than the purchase of Instagram, WhatsApp or Skype cost , despite the huge losses that Slack records.

“It is a match made in heaven. Salesforce and Slack will shape the future of business software and transform the way everyone works in a fully

Read More

Salesforce to acquire Slack for $27.7 billion amid remote work boom

Cloud computing giant Salesforce said it will acquire workplace messaging service Slack in a deal valued at $27.7 billion.



text: The Salesforce logo is seen at its headquarters on Dec. 1, 2020 in San Francisco.


© Stephen Lam/Getty Images
The Salesforce logo is seen at its headquarters on Dec. 1, 2020 in San Francisco.

Salesforce announced the deal on Tuesday, saying that under the terms of the agreement, Slack shareholders will receive $26.79 in cash and 0.0776 shares of Salesforce common stock for each Slack share. The deal is subject to shareholder approval and expected to close in the second quarter of Salesforce’s fiscal year 2022.

Loading...

Load Error

Salesforce shares slipped Wednesday, falling 10% in early trading as Slack slipped by about 3%.

The move comes as the pandemic has accelerated demand for remote work and workplace management software, and signals that some believe that workforce shifts could become permanent.

MORE: Salesforce announces layoffs after quarterly revenue tops $5 billion

Salesforce CEO Marc Benioff called it

Read More

Cyber Monday Online Sales Hit $10.8 Billion [Infographic]

When Americans first started celebrating Thanksgiving in the 19th century, it served as an opportunity for people to cherish the year’s blessings, especially the harvest. While the modern iteration of the holiday certainly serves as an important family get-together, it has also grown into a massive shopping extravaganza. This year’s splurge has once again broken all sorts of e-commerce records with shoppers opting to spend their money online and avoid physical stores due to the Covid-19 pandemic. An analysis by Adobe
ADBE
Insights has found that e-commerce spending amounted to a whopping $34.4 billion during the five-day Thanksgiving break including $10.8 billion on Cyber Monday.

That marks a 15.1% increase on last year’s $9.4 billion, making Cyber Monday 2020 the largest online shopping day in U.S. history. Adobe noted that FOMO – “fear of missing out” – hit consumers hard with the golden hour of retail between 7pm and 11pm

Read More

Salesforce buys Slack for $27.7 billion in cloud company’s largest deal

Marc Benioff, founder, chairman and CEO of enterprise cloud computing company Salesforce.

Kim Kulish | Corbis News | Getty Images

Salesforce is making the biggest acquisition in its 21-year history. The company announced on Tuesday that it’s buying chat software developer Slack for over $27 billion.

Through a combination of cash and stock, Salesforce is purchasing Slack for $26.79 a share and .0776 shares of Salesforce, according to a statement. That comes to about $45.86 a share. Prior to initial reports of a deal last week, which led to a 38% pop in Slack’s shares, the stock was trading at under $30.

The purchase marks one of the largest ever for the software industry. The biggest was IBM’s $34 billion purchase of Red Hat in 2018, followed by Microsoft’s $27 billion acquisition of LinkedIn in 2016. Last year, the London Stock Exchange agreed to buy data provider Refinitiv for $27

Read More

Xiaomi Just Sold a Pricey $4 Billion Narrative. Again

(Bloomberg Opinion) — Xiaomi Corp. has once again shown impeccable timing in raising funds, backed by a narrative that entices people into believing they got hold of a hot stock. Investors ought to remember what happened the last time China’s second-largest smartphone maker sold them on a tale of growth and wealth. 



a group of people walking in front of a building: A logo sits in the window of a Xiaomi Corp. store in Paris, France, on Friday, May 25, 2018. Chinese smartphone maker Xiaomi opened it's first store in Paris and plans for more shops in France, Spain and Italy, testing the appetite of consumers in developed markets as its executives consider a U.S. expansion.


© Photographer: Christophe Morin/Bloomberg
A logo sits in the window of a Xiaomi Corp. store in Paris, France, on Friday, May 25, 2018. Chinese smartphone maker Xiaomi opened it’s first store in Paris and plans for more shops in France, Spain and Italy, testing the appetite of consumers in developed markets as its executives consider a U.S. expansion.

Two years ago, Xiaomi (and its bankers) weaved a narrative about a company that produced devices for no profit in order to make money from a raft of services, including advertising. There were those who thought that this innovative business

Read More

Chinese smartphone maker Xiaomi raises $3.9 billion in equity deal – term sheet

HONG KONG (Reuters) – Chinese smartphone maker Xiaomi Corp has raised $3.91 billion as part of a deal that includes Hong Kong’s largest top-up placement, according to a term sheet seen by Reuters.

FILE PHOTO: People are silhouetted in front of Xiaomi’s logo at a venue in Beijing, May 10, 2016. REUTERS/Kim Kyung-Hoon/File Photo

Potential investors have been told the price should be HK$23.70 for the 1 billion shares that are being sold down in the deal, the term sheet showed.

The price is at the lower end of the range flagged by the company on Tuesday when it said the deal would be between HK$23.70 and HK$24.50.

At HK$23.70, the placement would raise $3.06 billion.

A convertible bond deal to raise $855 million was also finalised Wednesday, according to the term sheet, to take Xiaomi’s total raising to $3.91 billion.

Xiaomi’s deal is the largest top-up placement in Hong

Read More

Salesforce buying work-chat service Slack for $27.7 billion

SAN RAMON, Calif. (AP) — Business software pioneer Salesforce.com is buying work-chatting service Slack for $27.7 billion in a deal aimed at giving the two companies a better shot at competing against longtime industry powerhouse Microsoft.

The acquisition announced Tuesday is by far the largest in the 21-year history of Salesforce. The San Francisco company was one of the first to begin selling software as a subscription service that could be used on any internet-connected device instead of the more cumbersome process of installing the programs on individual computers.

Salesforce’s flamboyant founder and CEO Marc Benioff hailed the “cloud computing” concept as the wave of the future to much derision initially.

But software as a service has become an industry standard that has turned into a gold mine for longtime software makers. Microsoft for one has developed its own thriving online suite of services, known as Office 365, which includes

Read More

Salesforce to buy Slack in $27.7 billion deal

Salesforce is buying workplace messaging app Slack for $27.7 billion, marking the largest acquisition in the San Francisco-based cloud-based company’s history.



graphical user interface, application


© Shutterstock


Under the terms of the agreement, Slack shareholders will receive $26.79 in cash and 0.0776 shares of Salesforce stock per Slack share. Salesforce announced the deal Tuesday in conjunction with its earnings release for its third quarter of fiscal 2021.

Loading...

Load Error

The move will allow Salesforce, which sells cloud-based customer relationship management software and other enterprise applications, to bolster its business offerings.

Slack’s stock was essentially flat in after hours trading Tuesday. Salesforce shares fell more than 4%.

Salesforce on Tuesday posted third quarter revenue of $5.42 billion, up 20% from the same period in the prior year, and diluted earnings per share of $1.15. The results beat analyst expectations, but revenue growth slowed compared to the two earlier quarters in this fiscal year.

The company

Read More

Airbnb aims for $35 billion valuation in long-awaited IPO

(Reuters) – Airbnb Inc said on Tuesday it is aiming for a valuation of up to $34.8 billion in its initial public offering (IPO), in what would cap a stunning recovery in its fortunes after the U.S. home rental firm’s business was heavily damaged by the COVID-19 pandemic earlier this year.

FILE PHOTO: The Airbnb logo is seen on a little mini pyramid under the glass Pyramid of the Louvre museum in Paris, France, March 12, 2019. REUTERS/Charles Platiau/File Photo

In a regulatory filing, Airbnb set a target price range of between $44 and $50 apiece to sell 51.9 million shares, which would pull in $2.6 billion. Airbnb could end up selling $2.85 billion at the upper end of the range.

Of the shares being sold, Airbnb founders Brian Chesky, Joe Gebbia and Nathan Blecharczyk will together sell nearly $100 million worth of shares in the IPO launch.

Airbnb struggled

Read More