Slack Investors Are Focusing Too Much On User Metrics

Slack (NYSE: WORK) CEO Stewart Butterfield keeps telling investors not to worry about the competitive threat that Microsoft (NASDAQ: MSFT) poses, but those messages seem to be falling on deaf ears. Slack shares sold off yesterday on news that Microsoft Teams had hit 20 million daily active users (DAUs), up from 13 million DAUs in July and topping the 12 million DAUs that Slack reported in September.

To be clear, user metrics for the enterprise chat platform are undoubtedly important, but investors may be focusing too much on those figures.

Image source: Slack.

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Source Fool.com