Microsoft launched its new chat-based Teams app yesterday, and the immediate reaction from many is that Slack is doomed. Some of that was Slack’s own fault. In an unusually arrogant move, Slack decided to take out a full-page newspaper ad in the New York Times yesterday, just hours before Microsoft was set to even unveil its chat offering. It set the stage for direct Slack and Microsoft Team comparisons before we’d even seen Teams, and it made Slack look rather scared. But I’m not sure Slack needs to be too worried just yet.

Microsoft Teams looks impressive. I’ve often thought Microsoft should acquire Slack, and rumors suggested the company considered an $8 billion bid, but decided to build its own competitor instead. In hindsight, that…

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