Too late to buy, Slack is such old news now and their market is super saturated. This could have been a decent decision several years ago, but not now.
Slack Said to Draw Interest from Amazon
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Re: Slack Said to Draw Interest from Amazon
#72I hope they do not buy it but I am afraid they will. I am somehow sick of these companies that do not generate enough profit to sustain themselves and have to be bought by oligopolies like Amazon.
Is Slack actually unsustainable? They take in more than $150m in revenue a year at this point.
Re: Slack Said to Draw Interest from Amazon
#73[deleted]
Re: Slack Said to Draw Interest from Amazon
#74Amazon's been a prudent steward of its cash and shareholder value. I'd be really surprised if it spent this sum over Slack & encourage Bezos to go get his head checked. Messaging platforms come and go. Many better ways to spend $9B for Amazon.
They might be less interested in the app itself, and more interested in the giant corpus of conversation stored therein.
Re: Slack Said to Draw Interest from Amazon
#75One article yesterday suggested that the Amazon non compete lawsuit agaimay their former AWS employee might indicate that they're planning on getting into the business productivity market. With this news that might have credibility
They're already in that market to some extent.
https://aws.amazon.com/workdocs/ https://aws.amazon.com/workspaces/
Re: Slack Said to Draw Interest from Amazon
#76Amazon's been a prudent steward of its cash and shareholder value. I'd be really surprised if it spent this sum over Slack & encourage Bezos to go get his head checked. Messaging platforms come and go. Many better ways to spend $9B for Amazon.
They might be less interested in the app itself, and more interested in the giant corpus of conversation stored therein.
Is all data on slack just available for viewing? If it were so I think its customers would have raised this as an issue by now.
Re: Slack Said to Draw Interest from Amazon
#77Serious question..... but also more me fleshing out my thoughts on messaging apps....- WhatsApp
What is the point in buying a messaging app?
- instant messenger
- ICQ
- Skype
- Yammer
They all seem to be popular for a short time and then fad away.
What does owing one of these get a company?
The case against owning them is that they all go out of favour and you only have a small window, say up to 5 years, where your platform is dominate before everyone moves onto another solution.
At one point the theory was it got people to use a companies proprietary login, when companies thought there was value in having people use their login.
At this point, if I said Slack would be a shell of its former self in 5 - 10 years would anyone put up an argument , if so what's the argument that this time its different.
I'm a happy slack user, but i"ll move to a new platform tomorrow if a better one comes along, there is almost no network effect or lock with these apps so switching has almost zero cost.
Plugins might provide a slight lockin but time has shown again and again the same plugins will move to the next popular messaging app, which seems to negate any benefit.
Re: Slack Said to Draw Interest from Amazon
#78Could they legally buy slack and then use all the conversational data to teach their Alexa AI on how to talk more like humans?
Re: Slack Said to Draw Interest from Amazon
#79How much revenue does slack generate?
"The company reportedly has about 5 million daily active users, with 1.5 million of those paying for the service." * https://slack.com/pricing At least 10 million a month, I assume? Edit: "Slack has 5 million daily active users -- 1.5 million of whom pay to use the service -- and had $150 million in annual recurring revenue as of Jan. 31." from https://www.bloomberg.com/news/articles/2017-06-15/messaging...
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Re: Slack Said to Draw Interest from Amazon
#80How much revenue does slack generate?
"The company reportedly has about 5 million daily active users, with 1.5 million of those paying for the service." * https://slack.com/pricing At least 10 million a month, I assume? Edit: "Slack has 5 million daily active users -- 1.5 million of whom pay to use the service -- and had $150 million in annual recurring revenue as of Jan. 31." from https://www.bloomberg.com/news/articles/2017-06-15/messaging...
Interesting that they derive $100 per paid user per month. I The Enterprise level pricing must be 6-10x the top team level.