Reply to post: Re: Never made a profit

Loss-making $15bn hipster chat biz Slack suddenly less appetising to investors as it predicts deeper losses

MachDiamond Silver badge

Re: Never made a profit

"Perhaps its because all their employees are Slackers"

Maybe, but it's more likely that the business model has never been one that makes financial sense in the first place or scales negatively. It's the 80's dot com boom all over again with a new generation of people.

Lots of ideas that sound great will never be a profitable business. Some good ideas would make a great business if the company hadn't decided to locate to three floors of a high rise building in San Francisco with a view of the Golden Gate bridge at astronomical rates and had to pay the least employee six figures so they can afford to rent a shoe box to live in (and disinfectant for their shoes).

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