*By Bridgette Webb*
Microsoft is trying to turn up the heat on Slack, announcing a free version of its workplace collaboration tool Microsoft Teams on Thursday.
The company hopes the platform's ability to integrate with other Microsoft programs will give it a leg up on the industry leader.
“We have power of the full collaboration suite in there,” said Lori Wright, general manager of Microsoft 365 in an interview with Cheddar on Thursday.
Previously Teams, which was launched in 2016, was only available to those with an Office 365 subscription. The free version will include support for up to 300 people, with unlimited chat messages and search as well as integration with 140 apps. It also has a new option to blur out the background during video calls, something Wright said will "take out all of the distractions." Users will get less storage than on the paid plan, though, and won't have access to features like scheduling and recording meetings.
Slack does has its own free version, but that only allows users to search the last 10,000 messages and integrates with just 10 apps.
As of March, 200,000 businesses globally were using the paid version of Teams, less than half of the half million organizations on Slack.
Microsoft's efforts in workplace communications demonstrates the opportunity big tech companies see.
Facebook launched its own collaborative platform, Workplace, in 2016 and has reportedly signed up about 30,000 organizations. Last month the tool was made free for nonprofits and education providers.
For the full segment, [click here.](https://cheddar.com/videos/microsoft-picks-up-the-slack)
Astra founder, chairman, and CEO Chris Kemp spoke to Cheddar's Kristen Scholer about his company's first successful launch into orbit last month, becoming the fastest space company to reach orbit using a privately developed liquid-fueled rocket. He also noted that the company's priority is to "improve life on Earth from space" by rapidly increasing the number of low-orbiting satellites to do everything from connecting people to monitoring weather patterns.
Once again, YouTube is releasing its annual list of the top trending videos and music videos that had people in the U.S. talking. Madeline Buxton, trends expert for YouTube joins Cheddar News to discuss.
Stocks closed at session lows Wednesday as investors grew skittish over the first reported case of the COVID-19 omicron variant in California. Josh Sailar, Partner at Blue Zone Wealth Advisors, joins Cheddar News' Closing Bell to discuss investor worry over the new variant, the Fed dropping the word 'transitory' to describe inflation and potentially speeding up their asset tapering timeline, 2022 predictions, and more.
The Robin Hood Foundation is New York City's largest poverty-fighting organization. For more than 30 years, Robin Hood has built and fueled non-profits across all five boroughs. CEO Richard Buery joined Cheddar News' Closing Bell ahead of his ringing the closing bell at the New York Stock Exchange and later, lighting of the NYSE Christmas tree.
Creator commerce platform LTK raised $300 million in a recent funding round, now valuing the company at $2 billion. LTK is the world's largest influencer marketing platform and is known for helping to pioneer the so-called 'creator economy.' The company helps content creators make money off of their social media posts by hosting them on one central marketplace. LTK says more than $3 million in products are bought each year on its website and app. Now, the company is looking to continue its growth. LTK co-founder and president Amber Venz Box joins Cheddar News' Closing Bell to discuss.
Microsoft recently announced the standalone Teams Essentials as businesses continue to update their practices for the new norm of hybrid work life. Jared Spataro, corporate VP at Microsoft Modern Work, joined Cheddar to talk about solutions the tech giant has rolled out in order to help underserved small and medium-sized companies continue operations seamlessly. "We're excited about the opportunity to serve their needs better, and that, in particular, is focused on their meeting and communication needs," he said. "We start with Teams, which has been a wildly successful product for us up in the enterprise space, and now we have created a form of Teams that is particularly suited for small businesses."
No matter what you're in the market for this holiday season, there is one way that you can put some cash back in your pocket and stretch your gift budget a little bit further this year. With Lolli, for every gift you buy for someone else, you get the gift of free bitcoin back. CEO of Lolli, Alex Adelman, joins Cheddar News.
Iwao Fusillo, Chief Data & Analytics Officer, GM, joins Cheddar News to dispel myths and cut straight to the facts about GM's role in an all-electric future.
Over the Thanksgiving holiday, Elon Musk warned SpaceX employees in a leaked email that the company could be forced to file Chapter 11 bankruptcy if its raptor engine program fails. Musk then commented on the previous statement adding the detail that a recession could make such a bankruptcy possible.