Broker Check
Zoom

Zoom

| August 29, 2022
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Once a company has reached such prominence that its very name becomes the verb for its service, it generally has staying power (feel free to “Google it”).  Not so much with video-conferencing platform Zoom.  This week Zoom reported its slowest quarter ever of revenue growth, with sales rising just 8% over the past year, sending its stock plummeting (another) 16%.  That leaves the company’s market cap at less than $25 billion, a fraction of its $162 billion market cap at the height of Zoom’s go-go days of the pandemic when its valuation approached some of the largest telecom and communications companies in the world. (Chart from chartr.co)

Jeffrey Cerny

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