Terrible time to be 'Sassy and Gassy'... Oil prices took their biggest plunge since '91, dropping 24% last Monday. Part of that is coronavirus-reduced travel demand. The rest is reality show-worthy OPEC drama: Saudi Arabia wanted Russia to cut oil production to boost prices of their precious export. But Russia refused (reportedly, to hurt US oil producers). So Saudi jacked up its production, dropping oil prices even further. Since then, Exxon Mobil stock is down 21% and Occidental Petroleum fell 53%.
Despite your current WFH lifestyle... work messaging service Slack isn't doing as well as its "stay-at-home" peers (like Zoom). Shares dropped 20% after Slack's earnings revealed it's growing slower than investors expected. The problem is that it simply takes way longer to implement Slack than Zoom (think salespeople, contracts, IT integrations, and learning curves teaching Bruce what "channels" are). So Slack's experiencing some "opportunity blockage" — like the Baby Yoda toy situation.