We use cookies to give you the best possible experience on our website. By continuing to browse this site, you give consent for cookies to be used. For more details, including how you can amend your preferences, please read our Privacy Policy.
More Info Accept
81% of retail accounts lose money when trading CFDs with this provider. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. expand_more

Salesforce in talks to buy Slack! Shares jump 38%, more to go?

November 26, 2020 11:30

Salesforce in talks to buy Slack! Shares jump 38%, more to go?

Shares of Slack jumped nearly 38% higher after the Wall Street Journal reported that Salesforce is holding talks to buy the company. According to sources, a deal could be confirmed as early as next week!

No details have been released on how much the deal would be worth but Slack's market capitalization surged to more than $20 billion following the news announcement. Salesforce has been on a spending spree in recent years, snapping up companies such as MuleSoft for $6.5 billion in 2018 and Tableau for $15.3 billion in 2019.

Most analysts have reported this is a good move for Salesforce to build out its collaboration engine as its cloud division grows. While Slack had more than 12 million daily active users in 2019, its biggest competitor, Microsoft's Teams communications app has more than 115 million daily active users. A deal with Salesforce could help Slack tap into the vast amount of customers the company already has.

Did you know that you can speculate on the direction of Slack's share price using Contracts for Difference (CFDs)? This allows you to potentially profit from both rising and falling markets. Get started with a free demo trading account today!

How to trade Slack with Admiral Markets UK Ltd

If you are feeling bullish or bearish on the share price of Slack you can speculate on the direction using CFDs. To get started, follow these five simple steps:

  1. Log in to your existing Admiral Markets trading account, or open a live or demo trading account in just a few minutes.
  2. Click Trade on your chosen account which will direct you to the Admiral Markets MetaTrader Web Platform.
  3. Type in Slack and choose your instrument at the bottom of the Market Watch search box and then drag the symbol onto the chart.
  4. Use the one-click trading feature on the chart or right-click on select Trading -> New Order.
  5. Choose your entry, stop loss and target levels and position size (volume) and then confirm the trade.

WORK, Weekly

Source: Admiral Markets MetaTrader 5 Web, #WORK, Weekly - Data range: Jun 16, 2019, to Nov 26, 2020, performed on Nov 26, 2020, at 7:07 am GMT. Please note: Past performance is not a reliable indicator of future results.


Did you know that you can open a free demo trading account to test your trading ideas and theories regarding the price direction of thousands of markets in a virtual trading environment? Open your free account today by clicking on the banner below and receive free access to Premium Analytic tools and more!

Trade With A FREE Demo Trading Account


INFORMATION ABOUT ANALYTICAL MATERIALS:

The given data provides additional information regarding all analysis, estimates, prognosis, forecasts, market reviews, weekly outlooks or other similar assessments or information (hereinafter "Analysis") published on the website of Admiral Markets. Before making any investment decisions please pay close attention to the following:

1.This is a marketing communication. The content is published for informative purposes only and is in no way to be construed as investment advice or recommendation. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and that it is not subject to any prohibition on dealing ahead of the dissemination of investment research.

2.Any investment decision is made by each client alone whereas Admiral Markets UK Ltd (Admiral Markets) shall not be responsible for any loss or damage arising from any such decision, whether or not based on the content.

3.With a view to protecting the interests of our clients and the objectivity of the Analysis, Admiral Markets has established relevant internal procedures for prevention and management of conflicts of interest.

4.The Analysis is prepared by an independent analyst Jitan Solanki, Freelance Contributor (hereinafter "Author") based on personal estimations.

5.Whilst every reasonable effort is taken to ensure that all sources of the content are reliable and that all information is presented, as much as possible, in an understandable, timely, precise and complete manner, Admiral Markets does not guarantee the accuracy or completeness of any information contained within the Analysis.

6.Any kind of past or modelled performance of financial instruments indicated within the content should not be construed as an express or implied promise, guarantee or implication by Admiral Markets for any future performance. The value of the financial instrument may both increase and decrease and the preservation of the asset value is not guaranteed.

7.Leveraged products (including contracts for difference) are speculative in nature and may result in losses or profit. Before you start trading, please ensure that you fully understand the risks involved.