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> Google is losing a lot of ground in the office productivity space.

What makes you think this? Google is huge in schools and universities.

I can see Word being needed for specific advanced use cases (legal?) and Excel necessary for pro-level spreadsheet work, but for everyday business collaboration Google Workspace is fantastic.

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It's the inter-connection of tools in the workspace. Microsoft is one short purchase of Mural or Miro away from having the complete ecosystem from documents, to meetings and calls, to whiteboarding all wrapped in a single package. They know that its the ecosystem that matters, not the individual tools.

Multi-user editing is now table-stakes. And whilst applications, like Excel, still are behind Sheets in collaborative editing, its still functional.

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