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Here are the top SaaS things that happened this week.
1. Slack: Shares surge as messaging app joins the stock market
Shares in messaging app Slack surged 49% as the company became the latest tech start-up to join the stock market.Slack set a guide price of $26 a share, but rose 60% at the start of trading before easing back to finish at $39.The company chose a direct listing on the stock market, rejecting the use of traditional advisers and underwriters who manage the price of new stocks. [Read more]
2. How Dan Martell Went From Troubled Youth To Big Time Entrepreneur
MONCTON – Dan Martell is better known in the business community for his successes in life: a husband and father of two boys, the founder of multiple tech startups who has sold three of them, an investor in 38 companies and a millionaire by age 27. But life wasn’t always that great. [Read more]
3. Shopify going head-to-head with Amazon, spending $1 billion on fulfilment network
Shopify Inc. executives are loath to mention the competition by name, but the Canadian e-commerce service provider is directly taking aim at Amazon.com Inc. by launching a network of fulfilment warehouses and shipping logistics capabilities in the United States.By the end of this year, Shopify says that it will be able to offer two-day shipping for the hundreds of thousands of American merchants on their retail platform. [Read more]
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