Saturday July 4, 2020

It’s not yet profitable, but Slack is a surprisingly irresistible force

Workplace collaboration app Slack is a loss-making business, but it is beloved by its users, who are growing in numbers and can’t get enough of it

Emmet Ryan

Technology Correspondent

30th June, 2019

Slack has a rocket strapped to its backside, and you are the reason. The loss-making business has reached a $20 billion valuation, seeing its worth rise by 40 per cent in the week after its IPO, yet it has never even sniffed at making a profit. You are why the collaboration app pulled it off.

Think about the pain or even the fear of hassle whenever anyone has so much as suggested a change to the IT...

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