Slack is an enterprise collaboration platform co-founded by Stewart Butterfield. The company says it now has 30,000 active teams teams who send over 200 million messages each month, with more than 73,000 of the daily active users registered as paid seats. It also says that it is now pulling in $1 million each month in recurring revenues. Butterfield, who was also the co-founder of the photo-sharing site Flickr (now part of Yahoo), started the service as a by-product an earlier gaming startup, Glitch, as a way for geographically dispersed team members to communicate with each other. When Glitch didn’t work out, they decided to see if Slack had legs of its own, and seems to be part of a much wider trend, in the words of Butterfield.
*Based on Preferred Stock Price, Slack does not have a stock symbol since it is currently private and is yet to have an IPO.
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