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Facebook’s Workplace has over 2 million paying users

Facebook's Workplace

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The social media giant Facebook has announced that Workplace, its corporate communications tool, already has over 2 million paying users. Facebook released Workplace at the end of 2016, and the company has not much to say about the progress of the service so far.

This seems to be reflected in the latest social networking report, which shows that the company has generated 825 million USD in “pay and other charges” in 2018, up 16% from 2017. However, the lion’s share of the revenue is advertising, which brought 55 billion USD.

The news was announced about two months after Facebook appointed Karandeep Anand as the leader of Workplace product development, and a month after the company told its customers that it would move Workplace to a separate domain from that of its consumer products.

Despite its progress, Workplace continues to operate on a particularly populated market, including Microsoft and Slack. The latter is preparing to come out this year.

Microsoft claims that its Teams product has 329,000 users, while in January Slack said it benefited from over 85,000 paying organizations. This week, an ex-emerging Facebook star created a startup called Threads that competes directly with Workplace.

Facebook does not comment on how many organizations pay for Workplace, but at the end of 2017, it said the tool was used by 30,000 organizations.