Slack’s Shares Plunge After It Predicts a Larger Loss
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Re: Slack’s Shares Plunge After It Predicts a Larger Loss
#2I'm surprised investors aren't more scared of the competition, particularly Microsoft and its Teams product that is part of Office 365.
Maybe it's not a huge deal because the overlap of Slack customers and Office 365 customers isn't that big?
Re: Slack’s Shares Plunge After It Predicts a Larger Loss
#3Well if they’d just implement dark mode or a dark theme on desktop...
Re: Slack’s Shares Plunge After It Predicts a Larger Loss
#4I'm surprised investors aren't more scared of the competition, particularly Microsoft and its Teams product that is part of Office 365. Maybe it's not a huge deal because the overlap of Slack customers and Office 365 customers isn't that big?
If they can fix teams so everybody who uses it doesn't hate it, I'm sure they'll absolutely dominate.
Re: Slack’s Shares Plunge After It Predicts a Larger Loss
#5I'm surprised investors aren't more scared of the competition, particularly Microsoft and its Teams product that is part of Office 365. Maybe it's not a huge deal because the overlap of Slack customers and Office 365 customers isn't that big?
Teams isn't going to directly take market share from Slack, but it forms a hard barrier limiting Slack's future growth. Large established organizations are switching to Teams, and finding it good enough that they'll never want to pay for Slack.
Re: Slack’s Shares Plunge After It Predicts a Larger Loss
#6I'm surprised investors aren't more scared of the competition, particularly Microsoft and its Teams product that is part of Office 365. Maybe it's not a huge deal because the overlap of Slack customers and Office 365 customers isn't that big?
Work is a non-software company and we asked if we could use Slack and IT responded by saying that we already had Teams installed and included with O365.... therefore we should use that. That's what we've being doing except that no one chats on there....
Re: Slack’s Shares Plunge After It Predicts a Larger Loss
#7I'm surprised investors aren't more scared of the competition, particularly Microsoft and its Teams product that is part of Office 365. Maybe it's not a huge deal because the overlap of Slack customers and Office 365 customers isn't that big?
If they can fix teams so everybody who uses it doesn't hate it, I'm sure they'll absolutely dominate.
There is also the possibility of Microsoft buying Slack to fix Teams.
Re: Slack’s Shares Plunge After It Predicts a Larger Loss
#8>> Revenue rose to $145 million from $92 million a year earlier. Slack said it had more than 100,000 paying customers, a 37 percent increase over last year.
They should be fine. $307m of the loss was stock-related compensation.
How could you screw up a business who has a product as popular as Slack?
Re: Slack’s Shares Plunge After It Predicts a Larger Loss
#9I'm surprised investors aren't more scared of the competition, particularly Microsoft and its Teams product that is part of Office 365. Maybe it's not a huge deal because the overlap of Slack customers and Office 365 customers isn't that big?
It would literally be impossible for my company to switch from Slack. It's so tightly integrated.
Re: Slack’s Shares Plunge After It Predicts a Larger Loss
#10Stewart Butterfield, Slack’s chief executive, said in an interview that it would take time for the market to understand his company since it had created a new category of software, unlike soda or cars
We've had public business software companies for decades, they all created a new "category" of software, why does he think his is something new?
Fundamentally speaking, how is Slack any different to the first email program? The first operating system? The first chat system?
We've had this sort of software, and companies that sell it, for a very long time now.