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What's the point of Slack?


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#1 Just_One_Question

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Posted 03 May 2017 - 10:31 AM

Hey, guys,

I was recently researching some companies information and saw that a business, named Slack Technologies, is the fastest ever non-spin-off firm to reach a $1 billion valuation, and is now worth about $3 billion.

My inquiry is:

What's the point of Slack?

Aren't all its features integrated long-ago in Facebook/Skype for free? The only thing that I found innovative is that when you are in a group chat and someone uploads a document, when you later use the search function for that chat, it also scans the contents of the document that was uploaded in the chat room.:)

Edited by Just_One_Question, 03 May 2017 - 10:33 AM.


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#2 techghost

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Posted 03 May 2017 - 12:05 PM

Although my workplace doesn't use it but I know many places that do. So yeah, the way it boosted it made it's name and people opt for it just to be ion the league and simplifying communications on the same time. 



#3 computerxpds

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Posted 03 May 2017 - 02:58 PM

I could see it being used in a large scale environment where fast/secure communication is needed for projects, businesses are probably drawn to it for its feature set and as you said the document searching probably comes in very handy in an office. It being centered on businesses probably help its sales because people see it being being supported long term. 


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#4 Just_One_Question

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Posted 03 May 2017 - 03:40 PM

Thank you for the clarifications, men. Well, with your additional information and the fact that the company only makes less than $100 million per year, I am putting it in the 'overvalued' folder in my mind.
Thanks!:)

#5 Animal

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Posted 03 May 2017 - 04:28 PM

The Enterprise market place is full of applications that never see the light of day for a home user. And the corporations behind them are quite large. Think SAP and Oracle..... Also SaS is huge in the Enterprise world. Especially for multinational corporations, with massive intranets. Think Royal Dutch Shell, Berkshire Hathaway, General Motors.

Think they might have a secure internal chat style network? Or copies and or clones of other kinds of mainstream applications of home user products engineered for Enterprise use.

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#6 Just_One_Question

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Posted 03 May 2017 - 05:06 PM

Yeah, I guess you are correct. I know, for example, that Bloomberg Terminal's chat feature gets hacked extremely rarely, which means that there is tremendous value in the people who upkeep it constantly...and there better be for $24,000/year, lol.:)




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