Friday, October 21, 2016

Slack’s rapid growth slows as it hits 1.25M paying work chatters | TechCrunch

The release of Workplace by Facebook probably isn't going to help Slack's momentum

"Slack is still growing fast, about 33% in daily users and paid seats in the last 5 months. But not as fast as before, when it saw 50% DAU growth and 63% paid seat growth in the 5.5 months from December 15th to May 25th.

This aligns with rumors TechCrunch has heard about a slight dip in customer retention at Slack, as the casual, GIF-filled workplace chat app can get noisy and distracting for bigger companies, and have trouble scaling. Uber, for example, dropped Slack back in April.

Slack revealed in a blog post today that it now has 4 million daily active users, 5.8 million weekly active users, over 1.25 million paid users, and 33,000 paid teams. That gives it a current annual run rate of $100 million. That’s not much for a company with over 650 employees across 7 offices that was valued at $3.8 billion when it raised $200 million in April."
Slack’s rapid growth slows as it hits 1.25M paying work chatters | TechCrunch
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