User metrics are undeniably important for tech platforms, but Slack (NYSE: WORK) investors have arguably been focusing too much on those figures in recent months. Slack shares tanked in November when key rival Microsoft (NASDAQ: MSFT) said its competing Teams app had garnered 20 million daily active users (DAUs), ahead of the 12 million DAUs that Slack had in September. In the conference call with analysts to discuss fiscal third-quarter results this week, Slack CEO Stewart Butterfield went as far as to predict that Teams will soon hit 100 million users.
Here's why Butterfield doesn't really care.
Slack CEO Stewart Butterfield. Image source: Slack.