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
Tech Companies Are Teaming Up To Free Us From Passwords
Apple, Google, and Microsoft are committing to expanded support for the FIDO standard to bring a passwordless future.
TikTok (Finally) Adds A Friends Tab
TikTok has finally added a friends tab, it replaces the Discover tab in the app’s bottom menu.Is TikTok becoming a …
Instagram Begins Testing NFT Sharing
NFTs are coming to Instagram, according to Head of Instagram Adam Mosseri, but it's not for everyone yet.Head of Instagram …
YouTube Expands Offense Warnings To Desktop, Updates Payments System
New updates for creators! A dedicated payments account within AdSense, and warnings on potentially offensive text detected by AI.
Stripe Now Lets You Buy NFTs Without Having To Own Crypto
Stripe has unveiled a new suite of services that includes the ability to buy crypto and NFTs with fiat currencies.
How To Use Enhanced Tags On Instagram
Instagram has expanded its tagging options to allow creators to credit those who participated in creating content.
LinkedIn Publishes New Guide For Technology Marketers
LinkedIn Marketing's team has put together a resources toolkit specifically for technology marketers, filled with tips on how to generate …
Reddit Brings Back Creator Stats On Desktop
Three years after introducing and then revoking the feature, Reddit has now rolled out its Creator Stats dashboard to 90% …
WhatsApp May Soon Limit Message Forwarding To One Chat At A Time
A change spotted in WhatsApp beta limits the sharing of regular messages (not just frequently forwarded ones) with multiple chats.
