Tech: 2019 IPOs are Slacking
Industry Focus
The Motley Fool
4.6 • 854 Ratings
🗓️ 6 September 2019
⏱️ 20 minutes
🧾️ Download transcript
Summary
We talk about results from Slack, the workplace messaging SaaS company. In a vacuum, the company's results were strong, but stacked against past growth rates, they show things are slowing down a bit. In fact, Slack's struggle is an all-too-common one for the class of 2019 IPOs.
Stocks: WORK, UBER, PINS
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| 0:00.0 | Welcome to Industry Focus. The podcast it dives into a different sector of the stock market every day. |
| 0:07.0 | It's Friday, September 6th, and we are talking about results from 2019 IPOs. |
| 0:12.0 | I'm Hearst Don Lewis Lewis and I've got Fool. |
| 0:13.5 | Coms Evan New with me on Skype. |
| 0:16.0 | Evan what's going on man? |
| 0:17.9 | Not a whole lot. |
| 0:18.9 | No, nothing too big. |
| 0:20.3 | I mean you had like the birthday weekend anything big going on this weekend |
| 0:24.1 | no just taking it easy after short week since we had Labor Day holiday but a short |
| 0:30.4 | week but I still need I'm still ready for the weekend yeah well I'm always |
| 0:33.2 | ready for the weekend it's one of the beauties of taping on Friday is like you know we kind |
| 0:35.9 | of get to catch up a little bit coast into the weekend especially now when we're |
| 0:39.8 | recording the afternoon sometimes we do it in the morning, but it's nice. |
| 0:42.8 | We kind of ease into things, and I like to think that if we're getting listeners |
| 0:45.8 | listening on their way home, maybe commuting or something like that, they too are heading into the weekend. |
| 0:50.3 | It's a nice attitude to have. Austin Morgan, our producer, has his weekend shirt on right now, and he is in full summer |
| 0:56.8 | mode. |
| 0:57.8 | Trying to get those last couple days out of those shirts. |
| 1:00.2 | And this weekend, the pools open up for dogs. |
| 1:03.5 | After Labor Day, closed for people, open for dogs. |
| 1:05.7 | So I got at least one thing to do on Saturday. |
| 1:08.5 | When one door closes, another one opens. |
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