Facebook Workspace, Its Office Communication Tool Posts 40% Growth, Now Has 7mn Paid Subscribers

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Social media platform Facebook mentioned on Tuesday that its Workplace instrument had reached 7 million paid subscribers, up greater than 40 p.c from a 12 months earlier. The COVID-19 pandemic has modified work for hundreds of thousands globally who’ve switched from being within the workplace to working from residence, fuelling demand for enterprise connectivity platforms, resembling Workplace, Slack (WORK.N) and Microsoft Teams.

Workplace had 5 million paid customers in May 2020. Microsoft Teams has 145 million every day customers, versus 115 million in October, Microsoft Corp mentioned final week.

In October, Facebook introduced a worldwide alliance with Deloitte to assist firms use Workplace to satisfy the challenges of distant working.

Workplace, which is developed and run from Facebook’s workplaces in London, was launched in 2016.

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