Slack’s sale shows the perils of competing with Big Tech ...Middle East

Quartz - Economy

Slack, the workplace messaging app used by 12.5 million people, has zealously guarded its position as an independent software firm. CEO Stewart Butterfield made clear early on that he had no intention of selling the company, and has for the past four years gamely accepted Slack’s role as the main competitor to Microsoft Teams, a similar communication platform.Now, the independent streak has come to an end.Today (Dec. 1), Slack sold its business to software giant Salesforce for $27.7 billion. It’s a remarkable achievement for a company that started just seven years ago, and certainly a happy outcome for its shareholders. But the deal illustrates just how difficult it is for smaller software f

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Last updated : 02 Dec 2020 clock 01:31 AM

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Slack’s sale shows the perils of competing with Big Tech ...Middle East

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