tl;dr
Meta Platforms (NASDAQ:META) is shutting down its enterprise communication tool Workplace, as reported by TechCrunch. Workplace is set to operate normally until September 2025, according to sources. After that, it will go into read-only mode until May 2026 and then be shuttered completely. Meta reco...
Meta Platforms (NASDAQ:META) is shutting down its enterprise communication tool Workplace, as reported by TechCrunch. Workplace is set to operate normally until September 2025, according to sources. After that, it will go into read-only mode until May 2026 and then be shuttered completely. Meta recommended Zoom-owned Workvivo as an alternative, citing an internal memo. It is currently unclear if Meta will lay off employees working on Workplace or if they will be reassigned within the company. Meta has not yet responded to a request for comment from Seeking Alpha. Previously known as Facebook @ Work, Workplace was designed to compete with other enterprise messaging tools such as Salesforce's (CRM) Slack, Microsoft (MSFT) Teams, or Zoom (ZM). It was introduced in 2015 to significant amounts of fanfare. As of May 2020, there were 7M paying subscribers, according to ZDNet. Meta shares were up fractionally in late morning trading on Tuesday.
More about Meta Platforms Inc.
Meta Platforms Inc. Stock Analysis Meta Platforms Inc. Technical Analysis Summary
Meta Platforms, Inc. is a technology company headquartered in Menlo Park, California. It develops products for connecting and sharing through various devices worldwide.
Industry: Technology, Services-Computer Programming, Data Processing, etc.
Market Cap: $1.21 trillion
Current Stock Price: $27.40
Price Change: $0.50
52-Week Low: $17.38
52-Week High: $55.67
Relative Strength Index (RSI): 0.321
Volume: 142,711,996
Market Capitalization: $516.13 billion
Dividend Yield: 1.141%
Earnings per Share (EPS): $0.273
More about Salesforce.com Inc
Salesforce.com Inc Summary
Company: Salesforce.com, Inc.
Industry: Technology
Sector: Services-Prepackaged Software
Market Cap: 268.37 billion
Stock Price: $65.72
Dividend Yield: 0%
EPS: $4.21
P/E Ratio: 35.79
Beta: 0.119
Revenue: 34.857 billion
Operating Income: $337.31
Net Income: $4.952
Profit Margin: 0.108
More about Microsoft Corporation
Microsoft Corporation is an American multinational technology company that produces computer software, consumer electronics, personal computers, and related services. Its best-known software products are the Microsoft Windows line of operating systems, the Microsoft Office suite, and the Internet Explorer and Edge web browsers. Its flagship hardware products are the Xbox video game consoles and the Microsoft Surface lineup of touchscreen personal computers. Microsoft ranked No. 21 in the 2020 Fortune 500 rankings of the largest United States corporations by total revenue. It was the world's largest software maker by revenue as of 2016. It is considered one of the Big Five companies in the U.S. information technology industry, along with Google, Apple, Amazon, and Facebook.
Sector: Technology
Industry: Services-Prepackaged Software
Market Cap: 308.25 billion
Current Price: $35.97
Change: $2.93
Change (%): 11.53%
52-Week Range: $31.83
EPS: $0.364
Volume: 236,583,993
Dividend Yield: 4.72
Beta (5Y Monthly): 0.20
PE Ratio (TTM): 0.17
More about Zoom Video Communications Inc
Zoom Video Communications Inc Summary
Zoom Video Communications, Inc. provides a premier video communications platform in the Americas, Asia Pacific, Europe, the Middle East, and Africa. The company is headquartered in San Jose, California.
Industry: TECHNOLOGY
Sector: SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC.
Market Cap: 192.37 Billion
PE Ratio: 29.94
Dividend Yield: None
EPS: 2.07
Profit Margin: 15.05%
Operating Income: 0.141
Revenue: 4.527 Billion
Debt to Equity: 77.27
Current Ratio: 1.841
Price to Book: 0.026
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