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According to the latest rumors, Uber is preparing to cancel almost all of its employees with access to Slack. That would be a significant increase in the number of users of the messaging service as Uber employs about 28,000 people.
While Slack News has ARBETS shares on the move on Friday, it is still unknown how true it is. Uber has responded to the allegations without comment and Slack has not yet made an official announcement about the news.
What is worth pointing out is that there may be a relapse if this rumor is wrong. A similar thing happened earlier this month with IBM (NYSE: IBM). Reports say it will start using Slack and the WORK stock step up afterwards. Then Slack revealed that IBM had already been the largest customer for several years, reports TheStreet.com.
WORK INVESTORS will receive a Slack news update next month. The company plans to release its earnings report for the fourth quarter of the 2020 financial year on March 12. That earnings report will decline after the markets close. There will also be a conference call that will review the results at 17.00 Eastern Time.
THE WORK TEAM increased by 1.60% as of Friday afternoon. The share has also risen steadily and is currently up 19.51% since the beginning of the year.
At the time of writing, William White had no position in any of the above securities.
Article printed from InvestorPlace Media, https://investorplace.com/2020/02/slack-news-bumps-work-stock-on-uber-rumors/.
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