Inside SaaS - May 21st, 2019 |

Inside SaaS (May 21st, 2019)

Slack's Expectations / Google, Microsoft vs. Huawei / Premiere Rush

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1. Slack announced that it expects to raise $196.5 million in its direct listing, and changed its ticker symbol from "SK" to "WORK." Wishing to go public soon through a direct listing instead of an IPO, Slack registered about 117 million Class A shares. Additionally, Slack is hoping to be valued at $10 billion once it goes public. —REUTERS 

2 Following the White House's executive order that allows the federal government to prevent US companies from buying telecommunications equipment from certain foreign companies, Google removed Huawei's Android license in a move that will force the company to adopt an open-source version of the OS. Google confirmed that it is "complying with the order and reviewing its implications," and Huawei is now limited to using the Android Open Source Project that lacks many of Google's apps and services traditionally found on the Android OS. Huawei recently announced that it had developed its own OS as a "Plan B" in case it was prevented from using Android or Windows on its hardware. However, the United States Commerce Department granted Huawei a 90-day reprieve in which it can continue to release software updates through a temporary license. —THE VERGE

3. Microsoft appears to have stopped selling the Huawei MateBook X Pro on its online store, and the company has refused to comment whether it will allow Huawei to obtain Windows licenses in the future. All Huawei products appear to have been removed from Microsoft's website, and the loss of Windows licensing could seriously hamper Huawei's laptop sales. Huawei says it has developed its own alternative to the Windows operating system, however. —THE VERGE 

4. Adobe released its Premiere Rush app for Android, its mobile video editing software that has already seen releases on iOS, macOS, and Windows. The app, which will only be compatible with newer Android devices, is meant to provide users with a quick video editing tool when they're on the go or in a rush. Adobe offers a free "Starter Plan” that includes three free exports, and users can access the full version through a Creative Cloud subscription or through tiered pricing plans. —TECH CRUNCH 

5. Adobe's photo customers still have to make the choice between the two versions of Lightroom, where there isn't much interoperability. On one hand, Lightroom CC relies on limited free cloud storage (with tiered subscription plans), while Lightroom Classic requires local storage. —CNET  

6. Security researcher David Wells (from Tenable Research) discovered a vulnerability in Slack that allows hackers to redirect where files downloaded from the app are stored, effectively enabling the attackers to install malware. —THREAT POST 

7. Microsoft is rolling out its latest major update for May 2019, which includes a new light themeKaomoji support, a sandbox feature, and a new distinction between Cortana and Windows searches. —THE VERGE 

8. Google Cloud and data-management company Informatica are partnering to help customers analyze and prepare large amounts of data for applications like artificial intelligence and machine learning. —WALL STREET JOURNAL 

9. GitHub project management tool ZenHub is launching the Workspaces feature, which is meant to allow separate teams to build "unique workflows dependent on how they work." —TECH CRUNCH 

10. Some Mailchimp users aren't happy that the service is now charging customers for marketing to unsubscribed recipients — Mailchimp explained that its new plans "are based on the total number of contacts in your audience, not just email subscribers." —MEDIA POST 

Written and curated by Sean Wolfe. He is a tech reporter based in Brooklyn, New York, and has previously worked at Business Insider and GIE Media. Follow him on Twitter at @seanthomaswolfe.

Editing team: Kim Lyons (Pittsburgh-based journalist and managing editor at Inside) and David Stegon (senior editor at Inside, whose reporting experience includes cryptocurrency and technology).

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