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>> 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?
By taking too much investment, needing to pay back too much so you end up destroying your business for short term gains. edit: Just look at what's happening to Patreon
Well if they’d just implement dark mode or a dark theme on desktop...
https://twitter.com/slackhq/status/531941157283315712?lang=e...
I'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.
>> 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?
>> 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?
By taking too much investment, needing to pay back too much so you end up destroying your business for short term gains. edit: Just look at what's happening to Patreon
Leaving aside the costs of their listing and related compensation (which are crazy high!) they made a $57m loss on $145m in revenue. Considering that they are a pure software company this is quite shocking and, to me, a sign not to touch them with a barge pole.
I get that they are the most obvious comparisons for recent IPOs, but it's disappointing to see Slack being conflated with Uber, Lyft, and We, none of which have a remote chance of ever making more than a razor-thin profit in their respective industries. Whereas Slack is a SaaS company, with the real potential (whether it's likely or not) to become highly profitable down the road.
Really hope the answer isn't ads!
>> 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?
By taking too much investment, needing to pay back too much so you end up destroying your business for short term gains. edit: Just look at what's happening to Patreon
>> 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?
IMO the bigger issue here is there expectations to lose 9c / share next quarter, which isn't explained by that $307 M last quarter.