Business Messaging Service Slack Says It’s Going To Replace Email and is as Necessary as Electricity in Its Pitch To Investors

Business messaging service Slack briefed investors on Monday, as the company expects to go public with a direct listing on the New York Stock Exchange later this year. From a report: The service, which primarily caters to businesses, said it has more than 10 million users as of January. Stewart Butterfield, co-founder and CEO of Slack, made the case to investors that replacing email with Slack changes the way employees of a company communicate. “This shift is inevitable. We believe every organization will switch to Slack or something like it,” Butterfield said in a presentation. He also pitched Slack as a software-focused company that believes the world is “only at the beginning” of its reliance on software. In that essence, Butterfield likened Slack as eventually becoming a utility, similar to the internet or electricity.