) recovered initial losses to trade just 2% lower on Thursday, after the workplace messaging firm’s first quarterly report as a public company beat expectations while warning of slowing growth.
Earlier in the day, the stock had fallen as much as 15% after the company forecast a much bigger than expected loss of the current quarter loss and said revenue growth would slow amid intensifying competition. Chief Executive Officer Stewart Butterfield sought to calm nerves in a conference call with analysts by highlighting some wins over Microsoft Corp’s competing Teams software.
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