Why Slack Stock Gained Today
Shares of Slack (NYSE: WORK) were trading almost 5% higher as of 2 p.m. EDT Wednesday after the tech company unveiled new remote-work support features. The broader market is also rallying on hopes for an economic stimulus deal out of Washington.
Slack is adding "asynchronous video" to its enterprise collaboration platform. Essentially, this will give users the option to make short-form videos that can be shared at a later time -- similar to the Stories format that has become popular on social media services. Slack says these videos will help people collaborate with more flexibility around timing without the "constant pressure of video conferences."
Image source: Slack.
Source Fool.com
