Slack Technologies co-founder and CEO Stewart Butterfield is leaving the channel. Slack's product chief and its head of marketing, branding and communication are also leaving. “He has helped lead the successful integration of Slack into Salesforce, and today Slack is woven into the Salesforce Customer 360 platform.” Read More...
Motley Fool
Why Snowflake, Datadog, and MongoDB Fell Today
Shares of enterprise software giants Snowflake (NYSE: SNOW), Datadog (NASDAQ: DDOG), and MongoDB (NASDAQ: MDB) were plunging on Monday, down by 8.7%, 6.4%, and 9.4%, respectively, as of 3:06 p.m. ET. There wasn’t much company-specific news today, although Snowflake reported earnings last week, and MongoDB will report tomorrow. Friday’s strong jobs and wages report, combined with today’s stronger-than-expected services Purchasing Managers’ Index (PMI) reading, showed the economy may be stronger than generally thought — surprising, especially since recent financial results and guidance in the software industry have been less than stellar.
