Slack CEO Stewart Butterfield’s life and career rise, in photos

  • Stewart Butterfield founded Slack in 2013 after selling his first startup, Flickr, to Yahoo for more than $20 million.
  • Slack became one of the fastest-growing companies ever, achieving a $1 billion valuation less than a year after it officially launched.
  • Butterfield, whose birth name was Dharma before he changed it at age 12, was born in British Columbia and majored in philosophy in college. 
  • He’s currently engaged to a fellow tech founder: Jennifer Rubio, the cofounder of luggage startup Away.
  • Visit Business Insider’s homepage for more stories.

Stewart Butterfield is on a roll.

In the early 2000s, Butterfield created Flickr, which sold to Yahoo for over $20 million. Now, his latest venture, Slack, one of the fastest-growing business apps ever, has been acquired by Salesforce for $27.7 billion.

The workplace messaging app, born out of a now-defunct gaming startup Tiny Speck, will help Salesforce compete with its chief rival, Microsoft,

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Kohl’s, Micron Technology rise; Zoom, Peloton fall

Kohl’s Corp., up $4.32 to $36.52.

Sephora will be replacing cosmetics areas in the retailer’s stores, starting with 200 locations late next year.

Tesla Inc., up $17.16 to $584.76.

Tesla’s inclusion in the S&P 500 index will be made on a single day, rather than over two days as had been considered.

CSX Corp., up 57 cents to $90.62.

The railroad is buying regional operator Pan Am Railways to bolster its network in the northeastern U.S.

Pfizer Inc., up $1.10 to $39.41.

The drug developer’s coronavirus vaccine could gain European approval within four weeks.


Alcoa Corp., up $1.93 to $21.83.

The aluminum producer is selling its rolling mill business to Kaiser Aluminum Corporation for about $670 million.

Micron Technology Inc., up $2.99 to $67.08.

The maker of computer memory and data storage products raised its fiscal first-quarter profit and revenue forecasts.

Peloton Interactive Inc., down $4.32 to $112.03.

The fitness

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Seattle startup Flexe raises $70M as e-commerce rise fuels demand for flexible warehousing platform

The Flexe team, pre-pandemic. (Flexe Photo)

Flexe is raising more capital ahead of schedule as the pandemic-driven e-commerce boom spurs faster-than-expected growth for its warehousing technology platform.

The Seattle startup announced a $70 million Series C round led by new investor T. Rowe Price, with participation from existing backers Activate Capital, Tiger Global, Madrona Venture Group, Redpoint Ventures, Prologis Ventures, and others. Total funding to date in the 6-year-old company is $134 million.

Flexe originally planned to raise another round sometime next year. But investors were ready to put more fuel into the business given its recent metrics.

“Flexe is poised to become an impactful company in the logistics industry for the long term,” Andrew Davis, director of private investments at T. Rowe Price, said in a statement. T. Rowe Price recently led a $2.5 billion round in electric car maker Rivian and was an early backer of Facebook, Twitter,

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Hong Kong leader urges people to stay home as cases rise

HONG KONG (AP) — Hong Kong leader Carrie Lam on Tuesday urged residents to stay home as the city grapples with a resurgence of the coronavirus, which has infected more than 600 people in the last week.

Lam asked citizens to “refrain from social gatherings” and said that people, in particular the elderly, should remain at home.

“The latest wave of the epidemic is rather severe. Every one of us should do our best and exercise a high level of discipline to fight the pandemic,” she said at a regular news conference. “The coming two weeks is a crucial period.”

The city reported 82 new infections on Tuesday, 23 of which were unlinked to known clusters. Hong Kong has reported 6,397 infections since the pandemic began, with 109 deaths.

Many of the new infections in Hong Kong have been tied to dance studios, and outbreaks have also been found among

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Zoom’s surging free user base dents margins as cloud costs rise

(Reuters) — Zoom warned on Monday that its gross margins would remain under pressure going into 2021 as the surging number of free users of its video conferencing service makes it hard to offset a spike in costs to maintain its growth.

Shares of the company, which have risen about sevenfold this year, fueled by the meteoric rise in demand for video conferencing for work, school, and socializing due to the COVID-19 pandemic, fell 5% after the bell, despite upbeat fourth-quarter forecasts.

Zoom operates some of its own datacenters, but it also relies on cloud computing services from outside vendors such as Amazon and Oracle, meaning it must bear costs for free users.

Those bills, driven in part by a jump in free users in the third quarter as millions of students and teachers started new school semesters, pushed Zoom’s gross profit margins down to 66.7%, below analysts’

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Comcast RISE Awards Three Black-Owned, Small Businesses in Albuquerque with Marketing and Technology Resources and Makeovers

ALBUQUERQUE, N.M.–(BUSINESS WIRE)–Comcast Corporation (NASDAQ: CMCSA) today announced the first round of Comcast RISE award recipients — over 700 businesses will receive consulting, media and creative production services from Effectv, the advertising sales division of Comcast Cable, or technology upgrades from Comcast Business, based on the specific needs. This includes three small businesses in Albuquerque. In addition, 3,300 small businesses have already signed up to receive the Comcast RISE monthly newsletter, which will offer free marketing insights and resources.

Today, the next phase of Comcast RISE, the multi-year, multi-faceted initiative launched in October to help strengthen small businesses hard hit by COVID-19, opens up eligibility to include Black, Indigenous, and People of Color (BIPOC)-owned, small businesses. They can apply at www.ComcastRISE.com.

The recipients in Albuquerque include:

  • 9 Mile Tees Fast Screen Printing
  • Lotus Sound Bath
  • Trendz Beauty Supply

The first phase of Comcast RISE, which stands for “Representation,

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COVID cases rise, Prince William and Loudoun County schools prepa

PWCS is welcoming back nearly 3,000 first graders this week, while LCPS is bringing back 7,300 third through fifth graders Tuesday.

PRINCE WILLIAM COUNTY, Va. — Prince William and Loudoun County Public Schools are preparing to bring another round of students back to their buildings Tuesday.

PWCS will welcome 2,775 first graders in two different groups, with half starting Tuesday, the other half starting Wednesday.

LCPS will be adding 7,300 third through fifth graders as well as seniors at the Academy of Science and the Academy of Engineering and Technology to the mix on December 1, also broken up into groups.

Kristin Petersen, who has students in first and fifth grade in PWCS is ready to send her younger son back. He starts with the second group on Wednesday.

“We’re excited. We’ve prepared him to obey the teacher, listen,” Petersen said. “I know that the situation that he’s going into

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Comcast RISE Awards More Than 40 Black-Owned, Small Businesses in Houston with Marketing Resources and Technology Makeovers

HOUSTON–(BUSINESS WIRE)–Comcast Business today announced that 43 small businesses in Houston were recipients of Comcast RISE awards. The awards will allow these businesses to receive consulting, media and creative production services from Effectv, the advertising sales division of Comcast Cable, or technology upgrades from Comcast Business based on their specific needs. The news is part of Comcast’s broader announcement of more than 700 businesses that were selected as winners in the first round of Comcast RISE. Recipients in 285 cities in 29 states include a diverse roster of small business from restaurants and salons, to professional services and retail shops.

Today, the next phase of Comcast RISE, the multi-year, multi-faceted initiative launched in October to help strengthen small businesses hard hit by COVID-19, opens eligibility to include Black, Indigenous, and People of Color (BIPOC)-owned, small businesses. They can apply at www.ComcastRISE.com.

“What an honor to have been selected

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Fortified Baby Food Market to rise as a Worldwide Trendsetter in Technology and Development

The MarketWatch News Department was not involved in the creation of this content.

Nov 26, 2020 (Heraldkeepers) —
Global Fortified Baby Food Market Report from AMA Research highlights deep analysis on market characteristics, sizing, estimates and growth by segmentation, regional breakdowns& country along with competitive landscape, players market shares, and strategies that are key in the market. The exploration provides a 360� view and insights, highlighting major outcomes of the industry. These insights help the business decision-makers to formulate better business plans and make informed decisions to improved profitability. In addition, the study helps venture or private players in understanding the companies in more detail to make better informed decisions.

Major Players in This Report Include,

Danone SA (France), Nestle SA (Switzerland), Hero Group (Switzerland), Abbott Laboratories (United States), Kraft Heinz Foods Company (United States), The Hein-Celestial Group (United States) and Bellamy’s Organic (Australia)

Free Sample Report + All Related

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Research suggests that sharp rise in water temperatures led to death and disappearance of some species from the shallow water of Israeli shores — ScienceDaily

Researchers from Tel Aviv University (TAU) embarked on an underwater journey to solve a mystery: Why did sponges of the Agelas oroides species, which used to be common in the shallow waters along the Mediterranean coast of Israel, disappear? Today, the species can be found in Israel mainly in deep habitats that exist at a depth of 100 meters (330 feet).

The researchers believe that the main reason for the disappearance of the sponges was the rise in seawater temperatures during the summer months, which in the past 60 years have risen by about 3°C (37°F).

The study was led by Professor Micha Ilan and PhD student Tal Idan of TAU’s School of Zoology at the George S. Wise Faculty of Life Sciences and Steinhardt Museum of Natural History. The article was published in the journal Frontiers in Marine Science in November 2020.

“Sponges are marine animals of great importance

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