Slack Will Have Significant Difficulty Further Penetrating the Enterprise Given the Significant Competitive Offering from Microsoft’s Teams Product

Slack shares were down nearly 10% after Microsoft’s announcement of it’s Teams app now having over 20 million users. Wedbush’s Daniel Ives covers both Slack and Microsoft and goes into detail of how competition is heating up between the two corporations.

For more on Daniel Ives’ comments: Slack stock drops as Microsoft claims big lead with 20 million Teams users