Facebook on Thursday announced that Workplace, the company's communications tool for companies, now has more than 2 million paid users.
The progress appears to be reflected in Facebook's latest financial filing, which shows the company generated $825 million in revenue from"payments and other fees" in 2018, up 16 percent from 2017. Despite this progress, Workplace remains in a crowded market that includes the likes of Microsoft and Slack, which is preparing to go public this year. Microsoft claims its Teams product is used by 329,000 organizations while Slack in January said it is now used by more than 85,000 paying organizations. And just this week, a former rising star from Facebook launched a startup called Threads that competes directly with Workplace.
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