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Slack hits 10 million daily users, plans to go public

Apr 30, 2019 12:57 IST

Slack, the company behind the popular workplace chat app of the same name, has announced its plans of going public. The move is aimed more at allowing existing shareholders to sell their stock, rather than raising money for the company. In its filing with the Securities and Exchange Commission, Slack showed a decrease in its losses, with revenue rapidly growing over the last three years. The Slack app has 10 million daily users, split across more than 600,000 organizations.

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