Will Slack shares be available on Freetrade when they come onto the Market?
Iām hoping so, and fingers crossed itās with as little delay as possible. Especially at the guide share price announced yesterdayā¦
I mean.
It might be an idea to always get an allocation in the big tech IPOs fine freetrade folksā¦
Weāll add Slack to the Stock Universe as soon as we can but we donāt have complete control over when that will be. Hereās how the process works: When will the 2019 tech IPOs (Lyft, Uber, Pinterest, Zoom, etc) be on Freetrade?
Yes please! These stocks are essential for the platform to compete with others.
Weāve been working hard to add more stocks & Slackās now available on Freetrade (along with Trainline)
Several people are discussing their future here: Slack IPO
Slackās growth has been incredible, I love the product & I think theyāre only just getting started with their integrations. Iām pretty excited about this!
Where do you seek them going Alex? Whatās their monetisation route?
Unless Iāve misunderstood, isnāt Slackās monetisation route their paid tiers of the Slack app?
Thereā a free version of Slack with limited message history, etc. but business users pay Slack a monthly subscription per user, more often than not.
We just started using at work, like it so far.
Definitely going to buy some shares, wanted to buy TEAM but forgot, not this time.
Although MS is copying Slack features, once someone starts using they are locked in with all the history.
Slack Is Planning for Direct Share Listing Instead of an IPO - Bloomberg
People briefed on the San Francisco-based companyās strategy said it wants to give ordinary investors a chance to bet on its future growth
quote from the FT
Does that mean thereās zero chance of it appearing on Freetrade?
Shouldnāt affect being featured on Freetrade on day one. They just skip the book running and roadshow process. They donāt raise any money and shares just immediately become tradable at a matched price.
No revenue for underwriters like Goldman, JPM or Morgan. Boo hoo for them!
Thereās a good story in the FT (paywall, sorry) about the āthreatā that Slackās facing from Microsoftās Teams app.
Iām not that surprised to see that Teams are now more popular than Slack - thereās just that many more large companies that use Microsoft products.
The question for me is whether Slack could still persuade those companies to switch & whether they need to - is there an opportunity for Slack to win over smaller companies & gain greater market share that way?
Iād also be curious to hear some feedback from anyone whoās used both tools. I find it hard to imagine that Microsoft has designed a product with a good enough user experience (UX) to rival Slackās. But then again, this is a product that theyāve built from scratch relatively recently - presumably without too many legacy considerations to slow them down - so perhaps they have? Obviously UX isnāt as much of a deciding factor in corporations, as it is for consumer products but itās pretty important for Slack in particular, as a lot of their growth has come from teams adopting the tool & then pushing their company to roll it out more widely..
Slackās biggest issue is they have not build a good enough moat around their product.
Facebook Workplace is a bit like Yammer ( also Microsoft ) to me, I donāt see much traction, or push from Facebook. Iām surprised itās not been dropped yet.
Microsoft needs to stop tinkering with Skype, as it gets frustrating but besides that Microsoftās communication stack is very promising.
Iāve previously used both in corporate settings.
Teams has made great strides over the last couple of years, the direct integrations with OneDrive files / Outlook calendars make life significantly easier if you use a Microsoft stack already internally.
The thing that concerns me about Microsoftās comms stack is the complexity. Skype and Skype for Business donāt talk to each other properly, let alone talking to Teams. I think Lync still lingers in the background too. They need to consolidate and simplify.
I think if you are using more non-Microsoft tools (Google Docs / Drive, Team City), Slack edges it. It also feels a little more āfunā, rather than ācorporateā. I heard Stewart Butterfield recently comparing it to a multi-player game (which is where the company spawned from).
Me too. I really canāt see a significant share of companies moving to Facebook now, after all of the privacy concerns over the past year.
This. Them not doing that has always been the big stumbling block in my experience.
Does it āplay nicelyā with Google Docs & software from other competing companies - maybe Slack has an advantage there, as a neutral platform?
This is definitely one of the big reasons I liked it so much, I was working for a company that only used Microsoft Office products & the difference was huge!
For corporates, itās quite simple: Why pay twice when it is included in the Office 365 Enterprise package?