Slack’s Shares Plunge After It Predicts a Larger Loss
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 carsWe've had public business software companies for decades, they all created a new "category" of software, why does he think his is something new?Fundamentally speaking, how is Slack any different to the first email program? The first operating system? The first chat system?We've had this sort of software, and companies that sell it, for a very long time now.