Thursday, June 15, 2017

Is Amazon crazy for wanting to buy Slack for $9 billion?

One of Bloomberg’s last pieces filed late Wednesday night noted that Amazon wanted to buy group chat service Slack, and valued the business at a whopping $9 billion. I’m trying to make sense of that figure, because that’s a lotta zeroes, and a whole lot more than the $3.8 billion valuation Slack saw when it raised $200 million in its last funding round back in 2016. The company now brings in about $150 million in annual revenue, and grew its user base from 2.3 million in February 2016 to over 5 million this year – of which 1.5 million are…

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