ICYMI: Last Week's Top Stories.
- Salesforce acquired Slack for $27.7B, 48% more than Slack's market cap before the deal announcement. This is Salesforce's largest acquisition to date and the sixth-largest tech acquisition overall. Salesforce also introduced a new architecture, Salesforce Hyperforce, to deliver products like Salesforce 360, Sales Cloud, Service Cloud, Marketing Cloud, Commerce Cloud, and more on major public clouds.
- Amazon has launched Mac mini to its cloud as EC2 Mac instances. Mac mini uses i7 machines with 32 GB memory, which can also be attached to AWS storage blocks. In addition, Amazon Web Services (AWS) kicked off AWS re:Invent 2020, a three-week virtual conference, on Nov. 30. For a full list of notable highlights announced so far, click here.
- Stripe has launched Stripe Treasury, a banking-as-a-service API that will enable its customers soon to offer interest-bearing bank accounts, debit cards, and other cash-management services. The company is teaming up with Goldman Sachs and Citibank to provide this service.
- Zoom reported revenue of $777M, up 367% YoY, for its quarter ended Oct. 31. The company’s profit stood at $198M, compared to $2.2M for the same period in 2019.