Slack CEO Stewart Butterfield’s life and career rise, in photos

  • Stewart Butterfield founded Slack in 2013 after selling his first startup, Flickr, to Yahoo for more than $20 million.
  • Slack became one of the fastest-growing companies ever, achieving a $1 billion valuation less than a year after it officially launched.
  • Butterfield, whose birth name was Dharma before he changed it at age 12, was born in British Columbia and majored in philosophy in college. 
  • He’s currently engaged to a fellow tech founder: Jennifer Rubio, the cofounder of luggage startup Away.
  • Visit Business Insider’s homepage for more stories.

Stewart Butterfield is on a roll.

In the early 2000s, Butterfield created Flickr, which sold to Yahoo for over $20 million. Now, his latest venture, Slack, one of the fastest-growing business apps ever, has been acquired by Salesforce for $27.7 billion.

The workplace messaging app, born out of a now-defunct gaming startup Tiny Speck, will help Salesforce compete with its chief rival, Microsoft,

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This Saga About the Rise of Social Media Was Just Crowned Best Business Book of 2020



text: This Saga About the Rise of Social Media Was Just Crowned Best Business Book of 2020


© Photo: Courtesy publisher. Illustration: Inc. Magazine
This Saga About the Rise of Social Media Was Just Crowned Best Business Book of 2020

The book combines soapy insider drama with deep insights into how social media took over the world.

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Love it or hate it, no one can deny that social media has changed the world, swaying elections, inciting real-life violence (and revolution), and keeping you up to date on your least favorite aunt. How did we get from a tool to learn if your freshman crush is single to our current reality?

That’s the topic of award-winning reporter Sarah Frier’s No Filter, which was just crowned best business book of the year by the Financial Times and McKinsey. Frier’s book charts the rise of Instagram, its purchase by Facebook, and the power struggles

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Seattle startup Flexe raises $70M as e-commerce rise fuels demand for flexible warehousing platform

The Flexe team, pre-pandemic. (Flexe Photo)

Flexe is raising more capital ahead of schedule as the pandemic-driven e-commerce boom spurs faster-than-expected growth for its warehousing technology platform.

The Seattle startup announced a $70 million Series C round led by new investor T. Rowe Price, with participation from existing backers Activate Capital, Tiger Global, Madrona Venture Group, Redpoint Ventures, Prologis Ventures, and others. Total funding to date in the 6-year-old company is $134 million.

Flexe originally planned to raise another round sometime next year. But investors were ready to put more fuel into the business given its recent metrics.

“Flexe is poised to become an impactful company in the logistics industry for the long term,” Andrew Davis, director of private investments at T. Rowe Price, said in a statement. T. Rowe Price recently led a $2.5 billion round in electric car maker Rivian and was an early backer of Facebook, Twitter,

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Zoom’s surging free user base dents margins as cloud costs rise

(Reuters) — Zoom warned on Monday its gross margins would remain under pressure going into 2021 as the surging number of free users of its video conferencing service makes it hard to offset a spike in costs to maintain its growth.

Shares of the company, which have risen about sevenfold this year fueled by the meteoric rise in demand in video conferencing for work, school or socializing due to the COVID-19 pandemic, fell 5% after the bell, despite upbeat fourth-quarter forecasts.

Zoom operates some of its own data centers, but it also relies on cloud computing services from outside vendors such as Amazon.com and Oracle, meaning it must bear costs for free users.

Those bills, driven in part by a jump in free users in the third quarter as millions of students and teachers started new school semesters, pushed down Zoom’s gross profit margins to 66.7%, below analysts’

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94% women feel need for more networking opportunities to rise to leadership positions: JobsForHer



94% women feel need for more networking opportunities to rise to leadership positions: JobsForHer


© India Today Group
94% women feel need for more networking opportunities to rise to leadership positions: JobsForHer

Networking has often been the most ignored element in a woman’s professional journey. But, today as they are taking on higher roles and greater responsibilities in the workplace, they are asking for more. They have aspirations. “They are no longer comfortable with gendered experiences and want an avenue to discuss and share,” says Sairee Chahal, Founder and CEO of women-only networking platform SHEROES.

A survey of 1,500 women conducted by online career platform for women JobsForHer found that a whopping 94 per cent of the women feel the need for more networking opportunities to rise to leadership positions.

Networking, particularly in the present time is suddenly gaining momentum and it is perhaps a lot simpler now to reach women from various parts of the world to connect, share, ideate and learn.

The

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Meituan’s third-quarter sales rise as antitrust clouds gather over China’s internet giants



The logo of Meituan is seen on insulated boxes fastened on its food delivery couriers’ motorcycles in the central business district of Beijing. Photo: Reuters


© REUTERS
The logo of Meituan is seen on insulated boxes fastened on its food delivery couriers’ motorcycles in the central business district of Beijing. Photo: Reuters

Meituan, operator of China’s largest e-commerce platform for services, expects “reinforced regulation” to promote more innovation and balance of interests in China’s internet industry, following Beijing’s release of a draft antitrust guideline in November.

“We think the new antitrust consultation paper is supportive of the healthy development of the internet … and helps promote fair competition within the industry,” said Wang Xing, co-founder and chief executive of Meituan, in a conference call with analysts after the market closed on Monday. “As internet platforms become bigger and more important to the economy, regulatory frameworks will also evolve.”

His comments come after Meituan reported third-quarter financial results that beat market estimates, as the domestic economy continued to recover amid increased consumer spending and the steady

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Workday earnings and software subscriptions rise due to Covid-19



a group of people standing in front of a computer: Workday Inc. Chairman, Co-Founder and Co-CEO Aneel Bhusri and Co-Founder and Co-CEO Dave Duffield ring the opening bell at the New York Stock Exchange


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Workday Inc. Chairman, Co-Founder and Co-CEO Aneel Bhusri and Co-Founder and Co-CEO Dave Duffield ring the opening bell at the New York Stock Exchange

As professional workers in the US continue to work remotely due to the pandemic, many are discovering their HR and financial systems aren’t set up for this modern situation.

For companies that haven’t switched to cloud-based service providers, accessing sensitive and confidential documents can still require some roundabout measures. “They are having people sneaking onto their business to download some reports and being able to provide the financial numbers” Chano Fernandez, Workday’s co-chief executive officer said during a conference call on Nov. 20.

Opportunities in the cloud

Even without secret office visits, many businesses are realizing they need to modernize the various systems they use to manage employees (known as HCMs), in order to survive the pandemic and better accommodate long-term remote

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Naukri says software, hardware job listings in India on the rise



a group of people sitting at a desk and using a laptop computer


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The Covid-19 pandemic has been a blessing in disguise for the Indian IT industry.

With businesses going virtual, demand for IT services has shot up, which has led to an uptick in hiring for hardware and software professionals, according to jobs portal Naukri.com. “The IT-sector remains one of the least impacted sectors in terms of hiring from the global pandemic,” Naukri.com said in a report released on Nov. 19.

The sector saw upward month-over-month recovery for job listings on Naukri.com, peaking in September for both hardware (63%) and software roles (20%).

Gallery: 26 Highest-Paying Jobs That Let You Work From Home (GOBankingRates)

In September, India’s overall unemployment was around 6.67%, and it rose to 6.98% in October. Hiring sentiment in the country is the lowest it has been in 15 years with just 3% of the firms in Manpower Group’s recent survey looking to take on

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Internet Marketing Expert Matt Diggity Claims That SEO is Helping Businesses Rise Out of Crisis Mode

The global pandemic has seen businesses reporting major losses, with small business owners being the hardest hit. Internet marketing expert Matt Diggity claims that now is the best time for SEO.

Diggity Marketing

Matt Diggity Internet Marketing Expert
Matt Diggity Internet Marketing Expert
Matt Diggity Internet Marketing Expert

California, USA , Nov. 10, 2020 (GLOBE NEWSWIRE) — As businesses across the world and especially in the US, UK and many other parts of the world brace for the second round of lockdowns to curtail the so-called “second wave”, internet marketing experts like Matt Diggity claim that now would be an excellent time to invest in Search Engine Optimization. 

While COVID-19 may have led to the demise of many traditional businesses, people are turning to e-commerce stores to buy gifts and daily items alike. Many small mom and pop retailers should consider transitioning to marketing, advertising and selling their products online. Almost every type of e-commerce

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