![]() Users can even participate in Slack calls when they want to hear each other’s voices or attend virtual meetings with screen sharing.Ībout 10 million people use Slack daily in more than 150 countries, according to Slack’s Form S-1. Conversations on the app can be between just two people or across groups of people, providing options to have private or public communication. ![]() Perhaps more important, Slack says, people use the app to share ideas. Slack banks on becoming a kind of virtual water cooler.Ĭompanies that use Slack often encourage group “chats” on the application, sharing jokes, birthday greetings, and updates across time zones. The trend today toward working from home and having employees in distant spots around the country, and even the globe, means companies are looking for ways to keep the gang together, even when they’re apart. Slack, which launched in 2014, thinks it’s hit the sweet spot in an economy that’s become far more mobile. Slack’s valuation is just over $7 billion. It sees a $28 billion market opportunity in its space, where it faces significant competition. “We believe everyone whose working life is mediated by email is a potential Slack user… We further believe that the shift to Slack, or services like Slack, is inevitable,” Slack said in its April 26 Form S-1 filing with the Securities and Exchange Commission (SEC). Slack calls email communication frustrating because it creates “fragmented silos of inaccessible information, hidden in individual inboxes.” ![]() The workplace collaboration application company, which is planning a stock placement on the New York Stock Exchange, says its app has replaced email for many organizations. Slack hopes to disrupt email just like email disrupted the fax machine -making it technology from the olden days. Learn how the direct listing process differs from a traditional public offeringīefore investing, do your homework and consider the risks ![]() Slack is expected to go public via a direct listing in Q2 2019. ![]()
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