Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.
The CEO of $2.8 billion Slack wouldn't be surprised to lose over half the company's value some day
The CEO of $2.8 billion Slack wouldn't be surprised to lose over half the company's value some day
Eugene KimNov 3, 2015, 07:32 IST
Slack CEO Stewart ButterfieldSlack
Slack CEO Stewart Butterfield saw his business communication app's private valuation skyrocket over the last two years, raising more than $330 million at a whopping $2.8 billion price tag.
Advertisement
But Butterfield says he wouldn't be surprised to see his company suddenly wipe out more than half of its value some day.
The reason? Because history repeats and a market correction is inevitable.
