Microsoft Teams surpasses 20 million daily active users; rival Slack shares slip
(Reuters) - Microsoft Corp (NASDAQ: MSFT) said on Tuesday its workplace messaging app, Teams, has more than 20 million daily active users, up from 13 million in July.
The software maker offers the app as part of some Office365 business packages, as well as a free version. Teams allows users to chat, share files, make calls and hold web video conferences.
Slack's shares fell 8.4% following the news, to $21.18. They are down 45% from the close of their first day of trade in June.
(Reporting by Ambhini Aishwarya in Bengaluru; Editing by Rashmi Aich and Clarence Fernandez)