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Facebook Workplace Hits 5 Million Paid Customers, Up Nearly 70% Since October

Evan Niu, CFA, The Motley Fool
·3-min read
Facebook Workplace Hits 5 Million Paid Customers, Up Nearly 70% Since October

Introduced back in 2016 as a Slack competitor, Facebook's (NASDAQ: FB) Workplace platform hasn't really made much of a dent in the massive enterprise collaboration market. To Facebook's credit, Workplace has made more gains in the past year than it had in previous trips around the sun. Since then, the COVID-19 pandemic has caused a surge in the use of enterprise collaboration tools as companies shift to remote work (including Facebook itself).

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