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Teams is a B2B product sold to corporate clients as a part of their O365 subscription & Azure services.

It is widely used in this context and is highly profitable. The closest true competitor would be Google which lags far behind.

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It's because you need to keep going from Beer 2 Beer to be able to overlook Teams' issues.

While the CTO enjoys his expensive scotch and big bonus for reducing his companies IT expenditure and modernizing their software offering to employees ;)

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