Can Slack Compete With Microsoft Teams?
For companies like Slack (NYSE: WORK) whose businesses are centered around an app, the number of users that have the app installed and that regularly use it are some of the key ways that success is measured.
Slack is facing significant competition from Microsoft (NASDAQ: MSFT) and its Teams app which provides similar functionality, and the ensuing battle over users could be intense. In a broader sense, there are other apps out there like Facebook's Workplace, which is still in its early stages but could also vie for market share down the road. The more the successful Slack is, the more that larger tech companies may focus on workplace collaboration apps and services.
As of November, Microsoft says Teams reached 20 million daily active users (DAUs). That's up more than 50% from the 13 million DAUs the company said it had back in July. Microsoft already has more users than Slack, which reported to have 12 million DAUs in September, a 37% improvement from the prior year.
Source Fool.com
