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.

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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

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Europe looks to crack open data encryption on messaging services like WhatsApp

  • End-to-end encryption is a security tool used by some apps and services — including WhatsApp, Signal and Facebook Messenger — to provide a greater level of privacy. 
  • Messages sent using this tool are encrypted before they leave the sender’s phone or computer, with a key unique to the devices at either end of an exchange.



WhatsApp and Messenger are highly popular messaging apps.


© Provided by CNBC
WhatsApp and Messenger are highly popular messaging apps.

The EU appears to be laying the groundwork for a move against data that has received end-to-end encryption after a spate of terrorist attacks in Paris, Vienna and Nice. 

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In a joint statement released earlier this month, home affairs ministers from EU member states called on heads of state to “consider the matter of data encryption so that digital evidence can be lawfully collected and used by the competent authorities.” 

The statement comes after several EU internal documents on encryption were

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States, FTC Set To Sue Facebook Over Acquisitions Of Instagram, WhatsApp

Topline

Federal and state investigators are readying antitrust charges against Facebook that will challenge the social media giant’s acquisition of two major rivals — Instagram and WhatsApp — in the last decade, which the authorities will argue left users with few alternatives to Facebook’s ecosystem, the Washington Post reported.

Key Facts

It could be the toughest regulatory challenge that Facebook has ever faced.

State attorneys general and the Federal Trade Commission are reportedly examining whether the dual acquisitions let users with worse services and lesser privacy protections than if WhatsApp and Instagram had remained independent.

While the lawsuits haven’t been finalized, nearly 40 state attorneys general led by New York’s Letitia James are reportedly on track to file a suit in early December.

The Federal Trade Commission is also

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Facebook’s purchases of WhatsApp, Instagram target of likely antitrust case

As the state and federal probes enter their final phases, investigators have explored how Instagram and WhatsApp changed in the years after Facebook purchased them, according to the three people familiar with the matter, who spoke on the condition of anonymity to describe a law enforcement proceeding. Government antitrust watchdogs have weighed whether to contend in lawsuits that these transactions have left users with worse services — and fewer privacy protections — than they might have had if the companies had remained independent, the sources said.

With the text-messaging service WhatsApp, in particular, Facebook had promised users that it would preserve the messaging company’s independence and strong privacy protections when it was purchased in 2014. It made the same commitment to regulators, who then gave a greenlight to the deal. But Facebook reversed course years later and has sought to integrate its users’ data with the social networking site’s other

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Why You Should Stop Using This ‘Dangerous’ WhatsApp Setting On Your iPhone

WhatsApp is the world’s leading messenger—with two billion users sending 100 billion messages each day, no other platform comes close. WhatsApp built its userbase by offering a secure alternative to SMS, popularizing the availability of end-to-end encryption. On the surface, security remains central to the WhatsApp proposition. “Privacy and security are in our DNA,” it says. But that’s a mantle that’s now slipping. Delve beneath those marketing messages, though, and WhatsApp is not as secure as you might think.

Nowhere is this more evident than for new iPhone 12 users right now. When you come to move your WhatsApp account from your old device to your new one, you’ll be directed to use WhatsApp’s iCloud backup option to transfer your message history, media and settings. But those backups are not protected by WhatsApp’s end-to-end encryption. It’s a serious privacy and security vulnerability—one that rivals iMessage and Signal have

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Inside Wall Street’s battle with traders over their use of non-compliant messenger apps like WhatsApp and WeChat

A compliance executive who oversees markets and securities services at a top Wall Street bank said messaging apps have become more of a pressing issue in the past two or three years. They spoke on condition of anonymity to discuss internal policy freely.



Traders have increasingly looked to do business on messenger apps like WeChat and WhatsApp. WhatsApp; Getty Images; Samantha Lee/Business Insider


© WhatsApp; Getty Images; Samantha Lee/Business Insider
Traders have increasingly looked to do business on messenger apps like WeChat and WhatsApp. WhatsApp; Getty Images; Samantha Lee/Business Insider

And while firms can warn people to stay off certain apps and offer company-approved devices and channels, there’s always the temptation to meet client preferences or use WhatsApp for more informal communications inside the firm. 

If a bank is dealing with a client that uses WeChat or WhatsApp, and that’s the way they want to communicate, “it creates a challenge for us,” this compliance exec told Business Insider. 

Business Insider spoke with more than a dozen traders, compliance experts, tech

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