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Snowflake's stock soars toward a record gain after an earnings beat, a raised outlook and a $6 billion commitment to expand its collaboration with Amazon's AWS.
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Trump refiles $10bn lawsuit against WSJ over report on alleged Epstein ties The GuardianTrump refiles $10 billion lawsuit over Wall Street Journal report on Epstein birthday letter CNNTrump refiles $10bn defamation suit against WSJ over report on Epstein ties - US politics live The GuardianTrump Files Revised Defamation Lawsuit Against WSJ Publisher WSJ
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Snowflake Stock Jumps 34%. How Amazon and an Earnings Beat Are Fueling the Gains. Barron'sSnowflake rockets 36% on earnings beat and plan to spend $6 billion on Amazon cloud CNBCSnowflake Raises Sales Outlook, Touts Impact of AI Demand Bloomberg.comExclusive | Amazon Strikes $6 Billion Deal With Snowflake for Agentic Computing Chips WSJ
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Chat-based collaboration software is a must-have in today's business environment, with Slack and Microsoft Teams the two leading options for the enterprise. The stakes couldn't be higher — the pandemic made clear that remote work and collaboration are the future of business.
Slack, which went public back in 2019, was bought by enterprise software giant Salesforce in July 2021 for $27.7 billion. Until the acquisition, it wasn't clear that Slack could survive against behemoth Microsoft, which has a gazillion revenue streams to rely upon and is giving Teams away for free in most Office 365 and Microsoft 365 plans. But now that Slack has sugar daddy Salesforce behind it, with a valuation north of $200 billion and annual income of more than $20 billion, it can better compete.
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