Slack is considering a direct listing at some point this year, according to reports in both the WSJ and the FT on Friday.
Why it matters: The move would allow Slack stock to be traded on the stock exchange, but it's not an IPO — no new shares would be issued, and the company would not raise any money.
Chinese telecom giant Huawei has fired a local sales director arrested in Poland on charges of spying, Reuters reports.
Why it matters: Huawei likely recognized that the arrest would intensify Western scrutiny of the company's relationship with the Chinese government, and said in a statement that the employee's "alleged actions have no relation to the company” in an attempt to distance itself from the incident. Huawei CFO Meng Wanzhou was arrested in Canada last month for violating U.S. sanctions on Iran.
Amazon's Whole Foods is considering snapping up square footage belonging to fallen retail giants like Sears and its subsidiary Kmart, Yahoo Finance is reporting.
Why it matters: Amazon, long the king of online retail, has been overflowing into brick-and-mortar at a frenzied pace. Now, it could expand its grocery footprint into several new states, reports Yahoo Finance.
