Quip

Salesforce paid $750M for collaborative documents — then acquired Slack for $27.7B and absorbed Quip's features into the Slack ecosystem, discontinuing Quip as a standalone product

Years-long decline before final shutdown · Fatal mistake: Quip built collaborative documents and spreadsheets for teams. Salesforce acquired for $750M in August 2016. Salesforce initially featured Quip prominently. Slack acquisition ($27.7B, 2020) changed Salesforce's collaboration strategy. Quip's features were gradually absorbed into Slack and Salesforce. Quip as a standalone product was discontinued in phases 2021-2023. The product that made Bret Taylor famous was eventually merged and discontinued by the acquirer.