Slack filed for IPO on Friday. Analysts say Microsoft could be a threat to Slack and worry that it could go down the same path as Box or Snapchat.
can compete head-to-head with Microsoft in nabbing small businesses. However, with Office 365 so popular in the largest enterprises, most of those companies will opt to use the included Microsoft Teams rather than switch to Slack.
And, according to the filing, Slack has lost money in the past three years — Slack reported a net loss of $146 million on $105.2 million in revenue for its 2017 fiscal year, a net loss of $140 million on $220.5 million in revenue for 2018, and a $138.9 million loss on $400.6 million in revenue for FY2019.
"There's a massive growth opportunity that Microsoft is also competing in, but Slack's going on in a different angle," Ives told Business Insider."Right now it's a big enough ocean for two birds. I view that more as background noise as a potential competitor as opposed to a real threat. I view them as in separate lanes of the highway."
Moorhead also says Slack will have to make some acquisitions to become a more complete solution for enterprise customers.
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