“ has since exploded to over 75 million DAUs as of 4/29/20, and over 115 million DAUs as of last month.” Slack has not updated its daily active users since last fall, a move interpreted by many as a sign of weak growth.Įvercore ISI Securities analyst Kirk Materne had similar thoughts.
Meanwhile, Teams overtook with 13 million DAUs two months prior to that,” Mizhou Securities analysts said in a recent client note. “To illustrate plight, the company had 12 million daily active users (DAUs) as of Sept. Slack has been under serious recent pressure from the faster-growing Microsoft Teams, even as demand for both products has increased with more employees working from home during the pandemic. Salesforce though, faces some pressure with this deal. Salesforce said that combining its Customer360 platform with Slack will be “transformative for customers and the industry.” The deal will give Salesforce its biggest competitor yet to Microsoft, which offers the competing Teams messaging service. The deal is expected to close in Salesforce’s second quarter of fiscal 2022, which is next July. Slack, which went public in 2019, is known for its corporate-focused instant-messaging system. On Tuesday said it reached an agreement to buy Slack Technologies Inc. As expected after reports emerged last week, Salesforce
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