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19.11.2019 18:44:29

Why Slack Stock Dropped Today

Shares of Slack (NYSE: WORK) have dropped today, down by 9% as of noon EST, after larger rival Microsoft (NASDAQ: MSFT) said its competing Teams app had reached 20 million daily active users (DAUs). Slack reported having 12 million DAUs in September.Microsoft's announcement represents significant DAU growth compared to the 13 million DAUs it said it had in July. The enterprise software giant also notes that Teams acts as a gateway to other forms of collaboration.Image source: Slack.Continue reading
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