Microsoft (MSFT) has released Teams Essentials, a standalone version of its popular video conferencing software. Previously, customers could only subscribe to Teams as part of a larger suite of Office software.
The new version of Teams costs $ 4 per user per month, which Microsoft has called “the industry’s most competitive online meeting and collaboration solution,” in a report. Release.
How does that compare to zooming?
Zoom (ZM), one of the leaders in the video conferencing space, offers a free tier that gives users unlimited one-on-one meetings and the ability to host up to 100 participants for meetings that last no longer than 40 minutes.
The company’s next tier, which costs $ 14.99 per license per month, allows for up to 30 hours of group meetings with up to 100 participants.
Microsoft’s Teams Essentials enables up to 30 hours of meetings per month with groups of up to 300 people. It also comes with 10GB of cloud storage while Zoom’s free tier doesn’t and its $ 14.99 plan comes with just 1GB.
The free version of Teams offers 60 minutes per month of group meetings with up to 100 participants and 5 GB of cloud storage. It also has a Slack-like chat service that users can use unlimitedly.
Can Microsoft derail the zoom?
Microsoft has made it clear that it is targeting small businesses, a key Zoom customer base, with Teams Essentials.
âWe know how difficult the past 20 months have been for small businesses. They had to be extremely flexible to adapt, often with limited access to tools and technology, âsaid Jared Spataro, vice president of modern work at Microsoft. âTeams Essentials is uniquely designed to meet the unique needs of small businesses, enabling them to thrive in this new era of work. “
Zoom has seen its share price drop just over 45% since the start of the year, and it’s down over 50% in the past 52 weeks. TheStreet Real Money Pro contributor Bruce Kamich made it clear that as of November 24, he is not a fan of buying stocks.
âThe strategy is simple – avoid the long side of ZM for now. A bottom will take time to form. Don’t be in a rush,â he wrote.