Market Overview

Salesforce Could Help Slack Catch Up To Microsoft Teams, Josh Brown Says

Share:
Salesforce Could Help Slack Catch Up To Microsoft Teams, Josh Brown Says

On CNBC's "Fast Money Halftime Report," Josh Brown discussed his thoughts on a potential Salesforce (NYSE: CRM) and Slack Technologies (NYSE: WORK) deal.

Salesforce could boost Slack's user numbers up, helping it catch up to Microsoft's (NASDAQ: MSFT) Teams numbers, said Brown. Salesforce could also use Slack as a premium way to bring users into its ecosystem and upsell them.

See Also: Slack's Stock Spikes On Salesforce M&A Report

Brown likes the deal, saying Slack would do better with Salesforce than it would by itself. He compared it with how Facebook (NASDAQ: FB) helped further Instagram.

Although bullish, Brown sold his shares on Slack due the pressure on the company and Microsoft's "unhealthy" intent on killing Slack.

Slacks's stock was up 22% at publication time.

 

Related Articles (WORK)

View Comments and Join the Discussion!

Posted-In: CNBC Fast Money Halftime Report Josh BrownM&A Tech Media Best of Benzinga