Popular video conferencing company, Zoom Communications is now valued more than the combined market capitalization of seven of the world’s largest airlines
As coronavirus pandemic continues to sweep across the world, the demand for teleconference has skyrocketed as companies around the world go online to stay connected while practicing social distancing.
Zoom’s teleconference services are being widely used for education, telehealth and have even spread into personal space through weddings and “zoom parties”.
As of May 15, 2020, Zoom’s market capitalization has skyrocketed to $48.8 billion, despite posting revenues of only $623 million over the past year. Read on through this link