Facebook Workplace Starts Making Enterprise Inroads

Facebook (NASDAQ: FB) has been eyeing the enterprise for a little while now, with its Workplace enterprise collaboration offering representing its first big push. Workplace was first introduced about a year ago hoping to challenge hot start-up Slack, following a year of testing. The social network is pricing Workplace incredibly aggressively in an effort to undercut rivals.

The enterprise push is good news for investors, since there's generally a lot more money in enterprise software than consumer software. Facebook is even bringing on channel partners for distribution. Yesterday, the company provided some updates on where Workplace now stands after a year.

The new Workplace desktop app for Windows. Image source: Facebook.

Source: Fool.com