Microsoft Teams Keeping People Connected During Shutdown

Microsoft announced new Teams features to help people adjust. Teams saw its usage surge over 40% last week as people were social distancing and working from home. Microsoft Teams turned three years old on the 19th of March, and its growth has been mind blowing as demand for the communications app has been unmatched since the start of this pandemic.

Last year on the 25th of November I wrote a piece comparing both Slack and Microsoft Teams. At the time Microsoft Teams had announced that it had crossed 20 million daily active users as it powered through its competitor Slack which had about 12 million daily active users.

Today, Microsoft Teams has over 44 million daily active users as people and businesses adjust to working remotely. This sounds like insane growth but here's the truth; Teams counted 32 million daily active users on the 11th of March 2020 and a week later that number had soared to 44 million or a 40% increase due to this current pandemic we're facing.

Slack was valued at $11 billion when it had 12 million daily active users, I wonder what Microsoft Teams is valued at with over 44 million engaged daily active users. What is even more insane is that since the Microsofts all-time highs of $1.32 trillion in market capitalisation, the company has shed over $324 billion in value.

The graph below shows how Microsoft, Amazon, Google, and Apple share prices have performed since their February all-time highs. These are definitely companies I would look into buying at these much cheaper levels as all of them are seeing an uptick in the usage of their services as we adapt to this new normal.

You will find more infographics at Statista