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Slack CEO Stewart Butterfield. Illustration: Axios Visuals

Slack, which has long been seen as a possible IPO candidate, says it now has more than 8 million daily active users. On the paid front, it says it has more than 3 million users, including 65% of the Fortune 100.

Why it matters: Slack's business is managing workplace communications, an area also coveted by Google, Microsoft and Salesforce, meaning the company needs to stay ahead of the pack. CEO Stewart Butterfield told me last year that he is running the company so it could go public, but when it will is another matter.

Go deeper

Young people want checks on Big Tech's power

Data: Generation Lab; Chart: Sara Wise/Axios

The next generation of college-educated Americans thinks social media companies have too much power and influence on politics and need more government regulation, according to a new survey by Generation Lab for Axios.

Why it matters: The findings follow an election dominated by rampant disinformation about voting fraud on social media; companies' fraught efforts to stifle purveyors of disinformation including former President Trump; and a deadly Jan. 6 insurrection over the election organized largely online.

Wall Street's own populist revolt

Data: FactSet; Chart: Axios Visuals

A popular rebellion, organized by the powerless against the powerful. It might have failed in Washington, but it certainly seems to be working on Wall Street.

Driving the news: The market value of GameStop closed at more than $10 billion on Tuesday, on record volume of more than $26 billion.

27 mins ago - Health

One year of the pandemic

One year ago today, a novel coronavirus was barely beginning to catch the public's eye. There were just over 2,000 confirmed cases worldwide, mostly in China, and five cases in the U.S.

The big picture: The sea of red says it all. Today, there have been over 100,000 cases worldwide, led by the U.S. with 25 million.