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Slack Stock Losing Steam: Can It Withstand Facebook’s Challenge?

Mayur Sontakke, CFA, FRM
Slack Stock Losing Steam: Can It Withstand Facebook’s Challenge?

After last week’s blockbuster stock market debut that eclipsed Uber’s IPO this year and threatened the business of investment bankers, Slack retreated on the first two days of the week. Slack (WORK) lost 1.57% yesterday, taking the losses on the first two days of the week to 5.43%.