Today we are watching…
1. Slack Technologies (#work)
We’ve got a David versus Goliath story for you today, with cloud-based workplace messenger Slack squaring up to Microsoft. The outcome of this commercial encounter could end up leaving you feeling a little flat, however. Slack had a four-year headstart on Microsoft Teams, but the latter boasted yesterday of having tons more monthly active users (20 million to 12 million). Slack is disputing exactly how “active” these monthly active users are, but investors are still fleeing. Shares in the start-up are plunging, so if you fancy Slack for a fairytale comeback against the mighty Microsoft, now could be your entry point!
2. Airbus (#airbus)
The eagerly awaited Dubai Air Show commenced on Monday, putting investors in Boeing and Airbus in even fiercer opposition. For commercial aerospace companies, the premise of the Dubai Air Show is simple; notch as many orders for your planes as possible! Emirates typically spends lavishly in its home city of Dubai, and this year has been no different. In-between the aerobatic flying displays, Airbus has persuaded Emirates executives to order 50 A350s for $16 billion. Two years ago, Emirates went with Boeing for 40 787-10 jets, but 347 dead has killed that demand. Would fly on a Boeing 737 MAX if your choice airline placed an order for it at the Dubai Air Show? Have your say in the poll we’re running on the Invstr app’s News Feed!