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I literally use this tool on a daily basis, it works very well. I'm not spouting anything marketing related, only how I see and use it.
A communications platform allows you to talk to each other via text, voice, video.
A collaboration platform allows you to work on information together which includes things like document co-authoring(SharePoint and Office) and group task management(Planner), but can extend much further into things like Shared Pages (OneNote or Loop), Database-lite systems with Forms (SharePoint Lists, Power Apps), Workflows (Power Automate), and more.
I'd consider Slack to potentially qualify as a collaboration platform though, it integrates really well into both SharePoint and GDrive to enable shared editing - that editing isn't baked into slack but slack does go out of its way to support it through link unfurling and document embedding.
I actually think Teams is weaker in this regard because it's too easy to accidentally download and copy files when you're intending to edit a shared copy (and SharePoint has some wonkiness with syncing changes in a reasonable time frame).