GOOGL - Facebook Adds New Features to Workplace App as Paid Users Surge to 5 Million
Facebook's (NASDAQ: FB) Workplace collaboration app got some upgrades Thursday as the social media giant sees a surge in usage during the COVID-19 pandemic.
According to the tech stock, the number of paid users for Workplace has increased to five million through the end of March, up three million since October. Meanwhile Work Groups, a Facebook Group that enables co-workers to stay in contact, has more than 20 million monthly active users six months after its launch. In comparison, Microsoft's (NASDAQ: MSFT) Teams had 75 million daily users, although it's not clear how many are paying for its services.
Image source: Facebook.