Slack’s Shares Plunge After It Predicts a Larger Loss
<i>Stewart Butterfield, Slack’s chief executive, said in an interview that it would take time for the market to understand his company since it had created a new category of software, unlike soda or cars</i><p>We've had public business software companies for decades, they all created a new "category" of software, why does he think his is something new?<p>Fundamentally speaking, how is Slack any different to the first email program? The first operating system? The first chat system?<p>We've had this sort of software, and companies that sell it, for a very long time now.