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Slack plunges 11% after Microsoft's rival messaging platform extends its lead with 20 million daily active users

23 days ago   |   By Business Insider

Microsoft reported Tuesday that Teams, a messaging competitor to Slack , has 20 million daily active users.
Slack plunged as much as 11% on the news. In October, Slack reported 12 million daily active users.
In addition to having more daily active users than Slack, Microsoft also said that Teams users grew by more than 50% since its last report in July.
Watch Slack trade live on Markets Insider .
Shares of Slack fell as much as 11% Tuesday after Microsoft reported that its competing messaging product, Teams, has 20 million daily active users.
That's 8 million more users than Slack, which...
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Microsoft Teams hits 20 million daily active users

Microsoft Teams hits 20 million daily active users

23 days ago   |   By TechRadar

Microsoft has announced that its group-chat service Teams has now reached 20m daily active users after launching just two years ago in 2017. Back in July, the company revealed that the service had reached the 13m DAU milestone but it seems Teams has seen increased adoption over the past few months as more and more organizations are choosing to use it instead of Slack. Slack on the other hand, passed 12m DAU back in October and it appears the service has some catching up to do if it wants to beat Microsoft teams at least in terms of daily active users.
How Microsoft Teams is transforming...
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