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Slack forecast disappoints as competition weighs, shares drop


(Reuters) - Slack Technologies Inc (WORK.N) forecast disappointing current-quarter revenue and profit on Wednesday as its messaging platform wrestles with stiff competition.

Shares of the company, often described as an “email killer” were down nearly 2% in trading after the bell.

Slack competes directly with Microsoft Corp’s (MSFT.O) workplace messaging platform, Teams, which had more than 20 million daily active users as of November.

Slack said it had over 105,000 paid users at the end of the third quarter.

The company went public in June through a direct listing, bypassing the rigors of an initial public offering ...


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