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. 

Last 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)(Prepared by Sherman Co’s)



Copyright © 2024
Legacy Wealth Management