*By Alisha Haridasani*
A Slack outage Wednesday morning caused chaos and panic in workplaces across the country.
Employees took to social media in droves to express their frustration at having to resort to such archaic forms of communication as email or ー gasp! ー face-to-face conversations.
The interruption is “really troubling,” considering how indispensable the office messaging app has become for so many businesses, said Brett Mollina, digital editor at USA Today.
“You might see a Facebook or a Twitter that has an outage, but it’s usually only for a few minutes,” he said.
Slack had around [eight million](http://www.businessinsider.com/slack-8-million-users-ipo-2018-5) daily active users as of May and counts big names like Airbnb, Target, and Jet.com as its clients.
Wednesday's blackout was its fourth this year, and the company revealed very little about what happened, vaguely blaming “connectivity issues,” which Mollina said only compounded users' irritation.
“They have to give a better sense as to why this is happening,” he said. “Maybe that allows employees or businesses to pivot based on that.”
For the full segment, [click here.](https://cheddar.com/videos/slack-is-back-after-four-hours)
Oracle soars as it cashes in on the AI boom, Plus: Starbucks shares continue to fall under its new CEO, and does anybody actually want a new iPhone Air?
Swedish buy now, pay later company Klarna is making its highly anticipated public debut on the New York Stock Exchange Wednesday, the latest in a run of high-profile initial public offerings this year. The offering priced at $40 Tuesday, above the forecasted range of $35 to $37 a share, valuing the company at more than $15 billion. The valuation easily makes Klarna one of the biggest IPOs so far in 2025, which has been one of the busier years for companies going public. Other popular IPOs so far this year include the design software company Figma and Circle Internet Group, which issues the USDC stablecoin..
Oracle co-founder Larry Ellison wrested the title of the world’s richest man from longtime holder Elon Musk early Wednesday as stock in his software giant rocketed more than a third in a stunning few minutes of trading. That is according to wealth tracker Bloomberg. A college dropout, the 81-year-old Ellison is now worth $393 billion, Bloomberg says, several billion more than Musk, who had been the world’s richest for four years. The switch in the ranking came after a blockbuster earnings report from Oracle. Forbes still has Musk as the richest, however, valuing his private businesses much higher.
