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An Office 365 group is a space for team collaboration. It comes with a shared mailbox, calendar, library, OneNote notebook, and planning tool.
The majority of shared files for your groups are stored in a dedicated document library on OneDrive for Business, but you can also access additional shared and followed documents that you may need to further collaborate with your group.
Group conversations are stored in the group's mailbox, separated from individual members' mailboxes. The messages in the group inbox are displayed in a list view, which includes members' photos to visually show the contributors to the conversation.