![]() ![]() ( Reviewing Slack’s earnings transcript it appears that the company is conservatively discussing its future as it watches product usage grow ahead of product revenue we’ll know a hell of a lot more after its next earnings report which will include the post-usage revenue result of the COVID-19 era. The implication is that the public markets are expecting the company to grow more slowly over time, generating less future cash. Its share price has been under fire lately, with investors repricing it to lower and lower revenue multiples. ![]() 1īut for Slack, the Teams news comes at an unwelcome time. It’s a fun rivalry to track, with a cool, Silicon Valley-popular unicorn taking on Microsoft, a decreasingly uncool enterprise behemoth. The strife has a rich history, including a reported decision to not buy Slack by Microsoft’s brass, and an open letter from the then-private upstart that took aim at its older, larger rival when it brought Teams to market. ![]() Microsoft and Slack have been locked in a competition to build the biggest internal-work chat service since Teams’ launch in late 2016 - it’s a rivalry I’ve written about since early 2017. Of course, as Slack has also grown since the start of Q4 2019, that figure is dated. Slack, Microsoft’s arch-rival in this particular niche of the productivity space, last announced 12 million DAUs in October of 2019. The new figure represents a huge gain on the number Microsoft shared in November 2019, when the product had 20 million DAUs. Today Microsoft announced that its Teams product, a Slack competitor and likely beneficiary of the COVID-19 remote work boom, has reached 44 million daily active users (DAUs). It’s also worth noting that Facebook made its competing “Workplace” product free for emergency services workers and governments yesterday. We previously noted a 32 million DAU figure, but Microsoft saw a surge in the last week bringing the Teams figure to 44 million. We’ve updated the post to reflect the latest. Update: The information that TechCrunch received ahead of this particular embargo wound up being dated. ![]()
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