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June 19, 2019

Slack reportedly prices IPO at $26 per share

Slack’s public debut is happening Thursday on the NYSE and the company has set a reference price of $26 per share for its direct listing, according to WSJ, which would value the company at around $15.7 billion.

The company’s stock is expected to pop at open, according to the WSJ’s sources. Slack is pursuing a direct listing, eschewing the typical IPO process in favour of putting its current stock on to the NYSE without doing an additional raise or bringing on underwriter banking partners.

This isn’t a first for the technology industry, as Spotify did the same thing about this time last year, but it is still an outlier in terms of common practice [...]

 
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June 19, 2019

Why all standard black Tesla cars are about to cost $1,000 more

Tesla will start charging $1,000 for its once-standard black paint color next month, according to a tweet Wednesday by CEO Elon Musk, the latest pricing adjustment by the automaker as it aims for profitability.

Basic white will become the new (and only) free standard paint color, Musk added in a followup tweet. Musk didn’t explain what prompted the change or provide any further details.

Automakers make pricing adjustments and offer incentives as tools to boost margin and sales. Yet, Tesla’s particular style — which mainly involves Musk tweeting out the changes — often feels like a company floating trial balloons to see what sticks, or what its [...]

 
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June 19, 2019

Canada’s True North conference is not your typical tech event

From the venue and the flashy event website, Waterloo, Ontario’s True North conference (in its second year) doesn’t seem all that distinct from a laundry list of other major tech events that take place each year across North America. But from the moment its main stage programming kicked off on the first day, it was clear this wasn’t your typical gathering place for the tech industry faithful.

The main stage track kicked off with Communitech CEO Iain Klugman. The event is produced by Communitech, an entrepreneurial support and resource organization founded in 1997 to foster the Waterloo region’s technology industry. Communitech sprung out of BlackBerry [...]

 
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June 19, 2019

Announcing Hardware Battlefield 2019 in Shenzhen, China

Startup Battlefield is known around the world as TechCrunch’s premier startup competition, and today we’re proud to announce that on November 11-12 we are producing our hardware-focused competition, Hardware Battlefield at TC Shenzhen in that amazing heartland of hardware, Shenzhen, China.

The event this November will be TechCrunch’s fifth Hardware Battlefield, but our first ever in China. TechCrunch pioneered this hardware startup competition back in 2014 at CES in Las Vegas (the year Google acquired Nest!) and followed with more Hardware Battlefields in 2015, 2016 and 2017, all at CES. The 60 companies the editors chose to compete provided an [...]

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