VCs approached Facebook to fund a spinout of Workplace valued at over $1B, but Facebook declined

Workplace -- the app originally built as a version of Facebook for employees to communicate with each other -- now has more than 7 million users, carving out a place for itself as an app to help companies communicate internally using essentially the same tools that have proven sticky in their lives with friends and family. That traction, it turns out, has been giving Workplace attention of another kind. READ MORE