Slack (NYSE: WORK) is an important name in the enterprise SaaS space that plans a direct listing on June 20th. Investors have to consider the long-term positioning of this company in an increasingly crowded infrastructure market. At a high level, we'd say that Slack aims to be the ultimate "glue" between users and applications that is essential for any efficient business process.
But parsing the positioning of Slack isn't an easy question. Some see it as an enterprise collaboration tool like Yammer or Basecamp but many of their features and functions are more about development . . .