Cloud computing

Box gets an activist investor

Jeffrey Smith, CEO of Starboard Value LP, speaks at the 5th annual CNBC Institutional Investor Delivering Alpha Conference on Wednesday, July 15, 2015.
Starboard Value CEO Jeffrey Smith. Photo: Heidi Gutman/CNBC/NBCU via Getty Images

Starboard Value, an activist investor, disclosed a 7.5% stake in Box, making it the cloud content management company's third-largest shareholder.

Why it matters: Because Box had become a Silicon Valley poster child for "good" corporate governance, last year eliminating the dual-class stock structure it had gone public with in 2015. But now Box is facing the exact scenario that dual-class structures were designed to protect against.

Tomorrow's workplace apps are pretty, cloud-based and collaborative

Photo of iPhone with Notion note-taking app loaded open with a checklist.
Photo: Notion Labs

A new generation of workplace collaboration tools with a heavy emphasis on design is developing a cult following among users and beginning quietly to win over the corporate world.

The big picture: Companies like Airtable, Notion, Figma, and others are following in the footsteps of IPO candidate Slack, the workplace chat app which helped prove this model successful by growing far beyond Silicon Valley's engineering teams.