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Google Hangouts Is Shutting Down After Nearly 9 years.

Google Workspace users were transferred to the more modern “Google Chat” software in February, replacing the outdated “Hangouts” feature. Later this year, the company intends to completely phase out older Hangouts and transition all current users to Google Chat. Google indicated in a recent blog post that users of Hangouts on desktop and mobile devices will be encouraged to move to Google Chat before Hangouts is withdrawn in November 2022. Users will be able to export all of their Hangouts data before the platform is retired, and conversation data from the Hangouts platform will be instantly available on Google Chat. After nine years, Google is ending support for its multi-platform instant messaging service. The internet giant is urging users to transition to Google Chat, which will debut in October 2022. Hangouts Chrome extension users will also be invited to switch to Chat on the web or download the Chat web app. Chat in Gmail will also be available to users of Hangouts on Gmail’s web platform beginning next month.

Hangouts, which debuted in 2013, will be discontinued in November of this year, and Google wants users to download all of their data before that time. Although most users’ discussions will be automatically transferred from Hangouts to Chat, the firm nevertheless urges customers “who prefer to save a copy of their Hangouts data to utilize Google Takeout to retrieve their data when Hangouts is no longer available in November” to use Google Takeout.

Starting today, people using Hangouts on mobile will see an in-app screen asking them to move to Chat in Gmail or the Chat app. Similarly, people who use the Hangouts Chrome extension will be asked to move to Chat on the web or install the Chat web app. In July, people who use Hangouts in Gmail on the web will be upgraded to Chat in Gmail,” according to a blog post by Google.

Source: techzimo.com

Hangouts users will continue to get in-product notifications for at least one month prior to the termination of Hangouts web. Following that, Google Chat web will begin automatically redirecting visitors from the Hangouts web.

Google Hangouts
Image source: cybernews.com

According to Google, users of Hangouts in Gmail on the web will not be prompted to switch to Chat until July. Google said it will tell customers “At least one month” before moving the Hangouts website to Chat. It will remain available on the desktop site until November. If you still use Hangouts, Google should automatically migrate all of your current conversations to Chat. When Hangouts is formally retired in November, the firm had given the chance to download a copy of your data using its Takeout service.

Compared to Hangouts, Google Chat offers a number of new features, including side-by-side editing of Docs, Slides, and Sheets. Additionally, it has a location designated -for cooperation on specific topics called Spaces. Through chats, teams and groups may collaborate on documents, manage projects and files from a single spot, and share ideas.

Additionally, Google is advising users to download their data via Google Takeout, the company’s data exportation service, before Hangouts is discontinued in November. Google is also providing new features like direct calling, establishing in-line threads in Spaces (formerly known as Rooms), viewing and sharing multiple photos, and more to make things interesting and draw users.

As we take this final step to bring remaining Hangouts users to Chat, we hope users will appreciate our continued investment in making Chat a powerful place to create and collaborate,” google mentioned in the blog.

Source: indiatoday.in

Slack Reportedly Chooses NYSE Over NASDAQ for its Direct Listing

Last year in December, Slack announced that it is prepping for its IPO in 2019 and had hired Goldman Sachs as its Lead Underwriter. Now, according to the reports from Wall Street Journal, the company following the path of Spotify, has selected the New York Stock Exchange (NYSE) instead of the NASDAQ for the direct listing of its shares.

slack
Image Slack: fubiz.net

Slack has earned enough value being private, and reportedly, it had $900 million in cash on hand last year. So, similar to Spotify, it is not, specifically, the money for which the company is going public, and hence it has selected the direct listing over the IPO.

Direct listing is a bit different from the IPO, as the companies who file for IPO are looking for more financial support for their growth. In the direct listing, most of the times, the shares are not backed up by any financial institution, and the shareholders like the investors, promoters or the employees can directly sell their shares.

Last year, Spotify also chose NYSE for its direct listing, and now the valuation of the company is $25 billion up. Also, companies like Uber and Pinterest have also selected NYSE for their IPO, this year. Last Friday, Lyft went public on NASDAQ, and reportedly, its price shed over 10 per cent in the morning trading.

The office-messaging platform has been a member of the Unicorn Club for a long time now, and the direct listing of the company will be a financial boost for its investors. The company is still in talks with the Securities and Exchange Commission and has submitted the draft registration statement on Form S-1, last month.

The company, currently, is serving over 10 million daily users across the globe including the 85,000 paid subscribers. It is one of the most valued and successful companies in Silicon Valley, and its direct listing may set a higher bar for the other SaaS companies. For now, Slack has not made any comments on the matter. But, according to the WSJ, the listing may occur in the month of June or July this year.

Slack Prepping for its IPO in 2019; Hired Goldman Sachs as its Lead Underwriter

Slack, the business chat and direct message provider company, has announced that it is going to become public in the coming year, and has hired investment bank Goldman Sachs as the lead underwriter for its highly anticipated IPO.

In September this year, there were already reports making rounds about the company preparing for its debut in the stock market in the early quarter of 2019, with an expected valuation of the company well in excess of the $7.1 billion.

Slack
Image Source: mybroadband.co

The company had reported a total of 8 million daily active users in August this year, that is double the number of users it had in the summer last year. In the same month, the company had a funding round of $427 million, led by Dragoneer Investment Group and General Atlantic. The company’s major investors include SoftBank Group’s Vision Fund, Dragoneer Investment Group, General Atlantic, T. Rowe Price Associates, Wellington Management, Baillie Gifford, and Sands Capital, etc.

Slack, which is based in San Francisco and Vancouver, is one of the Silicon Valley companies valued over $1 billion, which is now hoping to fetch a valuation of over $10 billion in its IPO. Slack is one of the business messaging service provider, that is in a competitive race with Microsoft’s Teams, Alphabet’s Google Hangouts Chat and Cisco’s Webex Teams and its users are increasing by a rapid rate.

Last month, Slack’s co-founder and CEO, Stewart Butterfield told Fortune, “The company had no specific timeline for an IPO. We’ve been on a path to public company readiness for several years now, and we’re continuing on that path.”

2018, had a total of 188 companies went public on the U.S. exchanges, more than the number of companies last year, including 40 tech companies like Dropbox, Zuora, Uber, Lyft, and DocuSign. Other companies that are also planning for their IPO include Airbnb, Lyft, Uber, Palantir and Stripe, etc. Among which, Lyft already filed paperwork with the Securities and Exchange Commission, on Thursday, for its planned IPO ahead of other companies.