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Salesforce is going to buy Tableau which is data visualization company for $15.7B in the all-stock deal

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Salesforce is going to buy Tableau which is data visualization company for $15.7B in the all-stock deal

Google has already bought Looker which is an analytic startup company for $2.6B. Salesforce declared today that to work a little step more for their company’s sake they are going to buy the Tableau for $15.7B.

This deal is publicly traded and the startup will have their own class B and class A share on that deal. The stock of that company will get shaded for the enterprise value for all the transactions. The average price of Salesforce will be shared on June 7.

There was a high jump for the last market cap of Tableau. The value was $10.79M at the closing date on Friday. It was the value according to Google Finance.

The deal was approved by the two boards according to the Salesforce notes. A conference will be hosted by the management team of the two companies. The time of the company is planned at 8 am as per the eastern timing system.

The ongoing deal will diversify beyond CRM which will lead a path to a deeper layer of analytics.

The company literally worked hard, but they were unable to crack the deal. The deal was about buying Linkedin. Microsoft tried to clear the deal. The deal of Tableau will increase the engagement of the customers towards the company. It was also applicable for Linkedin.

Google is already gearing up to buy Looker which was declared in the last week. It is not very clear if they have made the two deal with informing each other. But Salesforce was already aiming to buy Tableau for a long time.

Marc Benioff, who is the chairman and Co-CEO of Salesforce stated that:

“We are bringing together the world’s #1 CRM with the #1 analytics platform. Tableau helps people see and understand data, and Salesforce helps people engage and understand customers. It’s truly the best of both worlds for our customers–bringing together two critical platforms that every customer needs to understand their world,” and he also added that “I’m thrilled to welcome Adam and his team to Salesforce.”

Tableau has already had almost 86000 business customers, which include big clients like Verizon who owns TC, Southwest, Netflix, Schneider Electric and Charles Schwab. They said that Tableau has permission to operate independently With their clients.  It will be reported to the headquarters, which is operated by CEO Adam Selipsky.

On this case, Selipsky said that:

“Joining forces with Salesforce will enhance our ability to help people everywhere see and understand data,” and he also stated that “As part of the world’s #1 CRM company, Tableau’s intuitive and powerful analytics will enable millions of more people to discover actionable insights across their entire organizations. I’m delighted that our companies share very similar cultures and a relentless focus on customer success. I look forward to working together in support of our customers and communities.”

Kethin Block is the Co-CEO of Salesforce who said that:

“Salesforce’s incredible success has always been based on anticipating the needs of our customers and providing them with the solutions they need to grow their businesses,” and with that said he added: data is the foundation of every digital transformation, and the addition of Tableau will accelerate our ability to deliver customer success by enabling a truly unified and powerful view across all of a customer’s data.”

Startups

According to the CEO of Apple Tim Cook, Silicon Valley has created a lot of chaos

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The Chief Executing Officer Tim Cook was there at Stanford University to give a speech last weekend. Along with all the motivational stuff, he ended up attacking all the big technology companies for creating chaos in the Silicon Valley.

Cook said:

“Today we gather at a moment that demands some reflections. Fueled by caffeine and code, optimism and idealism, conviction and creativity, generations of Stanford graduates and dropouts have used technology to remake our society.”

“But I think you would agree that lately the results haven’t been neat or straightforward. In just the four years that you’ve been here, things feel like they’ve taken a sharp turn. The crisis has tempered optimism. Consequences have challenged idealism. And reality has shaken blind faith.”

Tim also made sure that he names a few of the great inventions that happened in Silicon Valley so that he was able to counterbalance them. He talked about everything which included iPhones, Hewlett Packard, social media and Snapchat.

He continued:

“But lately it seems this industry is becoming better known for a less noble innovation — the belief that you can claim the credit without accepting responsibility. We see it every day now with every data breach, every privacy violation, every blind eye turned to hate speech, fake news poisoning our national conversation, the false miracles in exchange for a single drop of your blood.”

He added later:

“It feels a bit crazy that anyone has to say this, but if you built a chaos factory, you can’t dodge responsibility for the chaos. Taking responsibility means having the courage to think things through.”

Cook then ended up focused on the topic of privacy, a topic that is dear to his heart.

“If we accept as normal and unavoidable that anything in our lives can be aggregated, sold or even leaked in the event of a hack, then we lose so much more than data. We lose the freedom to be human,” he said. “The chilling effect of digital surveillance is profound and it touches everything.”

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Danke China’s housing unicorn appoints ex Baidu executive as their new Chief executing officer

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Danke China’s housing unicorn appoints ex Baidu executive as their new Chief executing officer

Danke Apartments post getting an investment of $500 million in their last funding round has been able to boost up the confidence of the company. This Monday, Danke announced that they will be appointing Gu Guodong as their new Chief Executive Officer to ramp up the companies offline operational crew.

Gu has stepped down from his previous company after working there for five years. He was one of the key members of the company Baidu. He has worked with a company like Baidu and this is the reason he will easily manage all the sales and money which has been generated by the company through funding and revenue.

Gu has joined the company just after Danke has expanded so there was no better person to take care of the company than him. The main focus of the company is to rent out well-furnished flats or apartments to working professionals so that it is easy and convenient for the people who stay there. After the last funding round of the company in the month of February, the company is valued at $2 billion.

Gu, the chief executive officer was one of the top level executives in Baidu and this is the reason he is one of the biggest assets for the company like Danke. For Gu, joining Danke would almost feel like returning home.

Danke chief executive Gao Jing said:

“We welcome our comrade and good friend Michael.”

Gu has previously worked with other executives of Danko and this is why it totally feels like home for the Chief Executive Officer. Derek Shen, the current chairman of Danke, co-founded Nuomi in 2010 is also part of the team making it very strong and efficient.

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Startups

Binance starts to restrict United States users ahead of the regulatory compliant exchange launch

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Binance starts to restrict United States users ahead of the regulatory compliant exchange launch

Finally, the largest cryptocurrency exchange is going legit. Binance is known to process a total of $1 billion on a day to day basis and for a long period of time has embodied the Wild West culture of crypto. It still implements all types of restrictions for the United States of America passport holders on a worldwide basis.

The company has grown drastically and has become one of the biggest names in the crypto industry, which basically allows everyone to use all its services so that they can trade myriad tokens. In the past year, the company has become more professional and has started to offer services in a more organized manner.

Just this week, the company announced that they will soon be pairing up with BAM Trading Services. This will surely be a level of disruption for all the customers of the United States of America. People from the United States of America cannot sign up for the Binance.com service.

“Binance is unable to provide services to any U.S. person.”

-which were confirmed to TechCrunch by a spokesperson.

All the people who are using the service will be given a period of 90 days before the company will stop receiving payments. The company has not yet mentioned that if the ban will be with the help of the geolocation or with the help of the IP address.

The 90-day period, which will be given to the customers will end on the 12th of September 2019. According to experts, people from the United States can simply browse through the website only when they will be using some kind of VPN which will show their location outside of United States of America because of their servers present outside the country.

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