Heard on the Street: Lyft’s, Pinterest’s and Slack’s early commitment to Amazon Web Services was smart, but it also makes them vulnerable in a way other companies aren’t
Lyft, Pinterest and other big tech initial public offerings coming this year are going to be a strong advertisement for Amazon.com’s cloud services. The risk is that they may later turn into cautionary tales.
The graduating class of private companies valued at more than $1 billion so far includes Lyft, which went public late last month, and Pinterest, expected to list next week. Slack Technologies, a provider of enterprise collaboration software, is preparing a direct listing for late in the second quarter, according to The...
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