Slack Tries to Dispel Microsoft Fears
In no uncertain terms, Microsoft (NASDAQ: MSFT) is coming after Slack (NYSE: WORK). After opting not to make a multibillion-dollar acquisition offer years ago, the enterprise software giant instead developed its competing Teams app internally, which launched in 2016. Teams recently eclipsed Slack in terms of daily active users (DAUs), but Slack still isn't concerned.
Slack's first earnings release as a public company disappointed investors, as its guidance suggested decelerating growth, but it continues to brush aside fears about Microsoft.
Microsoft Teams. Image source: Microsoft.
Source Fool.com
