Slack, the messaging app used mostly by businesses, and adored by the startup scene, has hit a double milestone: It has 8 million daily active users, 3 million of which are now paid users.
Ok, Slack is not just a messaging app; it’s a “workplace collaboration tool.” And it’s also one of the fastest-growing communication tools, as it has hit 8 million daily active users.
Slack is also a Silicon Valley darling. It promised to make workplace communication easier, and it succeeded, where the heavier tools – like Skype – did not.
Back in September 2017, the company announced it had around 6 million daily active users, 50,000 teams, and 2 million paid users – resulting in just around $200 million in annual recurring revenue.
Slack’s growth has been nothing short of spectacular.
Today, the app has over 3 million paid users and the company behind it is valued at a whopping $5.1 billion.
But Slack’s growth could slow down, analysts say. The company is yet to convince larger corporations, and remains known as the tool for “small businesses and startups.” For now, the company is focusing on sustaining growth outside of the US, where more than half of its userbase comes from.
You might also like
More from Other Platforms
TikTok Is Now Banned On All Devices Issued By The US House Of Representatives
The chief administrative office of the House issued a directive establishing TikTok, the popular social media app, as a security …
How To Create Instagram Notes (And Delete Them!)
Instagram Notes are a new feature launched by Instagram that allows users to share posts containing only text and Emojis.Instagram …
TikTok Is Testing A Full-Screen Horizontal Mode
The new TikTok Full-screen horizontal mode means Creators could now create a single video that's optimized for both TikTok and …
WhatsApp Introduces 3D Avatars
3D Avatars are now finally available on WhatsApp, months after their debut on Instagram, Facebook, and Messenger.WhatsApp 3D Avatars can …
Discord Rolls Out Server Subscriptions In The US
Discord server subscriptions are available for all servers whose owners are in the US, ranging in price from $2.99 to …
LinkedIn Rolls Out Focused Inbox
With Focused Inbox, LinkedIn wants to help you engage in the conversations that matter most.LinkedIn is rolling out a new …
Apple Redesigned The Entire iCloud.com Experience
Apple has given iCloud.com a major redesign, adding widget-like tiles that make the site look and feel a lot more …
Discord Launches Voice Channel Emoji Reactions
Discord has released Voice Channel Reactions, a new feature that celebrates one of the most popular behaviors on its platform…the …
YouTube Brings Shopping Features To Shorts
YouTube is testing affiliate marketing and in-app shopping features on Shorts, less than a week after TikTok began testing similar …
