Facebook Workplace Hits 5 Million Paid Customers, Up Nearly 70% Since October
Introduced back in 2016 as a Slack competitor, Facebook's (NASDAQ: FB) Workplace platform hasn't really made much of a dent in the massive enterprise collaboration market. To Facebook's credit, Workplace has made more gains in the past year than it had in previous trips around the sun. The platform hit 2 million paid users in February 2019, growing to 3 million by October.
Since then, the COVID-19 pandemic has caused a surge in the use of enterprise collaboration tools as companies shift to remote work (including Facebook itself). That's helped push Workplace paid users to 5 million, up nearly 70% since the last disclosure.
Image source: Facebook.
Source Fool.com
