- MemberMay 13, 2020 at 2:18 am
I have a nice ~17% gain in a week on this position. It is only ~1% of my portfolio as I’ve treated it as a speculation. I think almost everyone that uses Slack thinks it’s superior to teams, but it bothers me that Microsoft Teams comes included for essentially free with 365 business. And Microsoft is a deep pocketed, well-capitalized business. I think these discord-like office communication programs have potential and email sucks, but just like altcoins I don’t know which will come out ahead. Perhaps there’s space for more than one platform. Interested what Justin & others think.
- AdministratorMay 13, 2020 at 8:35 am
FWIW, everyone I know in the corporate world just uses Teams because it’s free and does 90% of what Slack does. I’m also not a huge fan of the IM chat stuff in my field so I’m a bit biased. IM chat style is great for technical developers but horrendous for folks like me who are in meetings and calls
- MemberMay 13, 2020 at 8:45 pm
Microsoft is pulling an IE here. Netscape was once the only game in town and then MSFT gave away IE for free with Windows and that was the end of Netscape (kinda reincarnated later with Firefox). I think mainstream will adopt Teams as it’s essentially free like you said. Slack is like cool brother – but he’s the step brother so he’s never fully accepted. But at least he’s cool. ?
- MemberMay 14, 2020 at 2:39 pm
The market perhaps is speculating that Slack’s recent outage is an indicator increasing demand for Slack, capacity issues etc. The CEO also expressed confidence on recent WFM growth on his interview on CNBC 2 weeks ago (stock is up 20% since then). There are many companies that pay for Office 365 and Slack, because they either have a “preference” or can afford both.
Their earnings 6/4 will be very important, as it shows whether COVID-19 is really driving demand for the product. Their guidance is $185-188MM for next quarter, and I think people are expecting a large beat. I’m bearish though…
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