Shocking: Zoom Video Is Almost as Big as the Tech Giant That Spurned It
2020 has certainly been the year of Zoom Video Communications.
As the coronavirus pandemic upended the lives of both businesses and consumers worldwide, Zoom Video became a preferred method of communication. Though not without competition, Zoom's simple, easy-to-use video conferencing interface has grabbed market share and equated the term "Zoom" with the act of video conferencing itself. If CEO Eric Yuan doesn't win Fortune magazine's CEO of the year, it would be a big surprise.
Zoom Video's stunning financial results, along with a healthy dose of market euphoria for growth stocks, have driven Zoom's stock to a stunning $159 billion market cap as of this writing. That nearly matches the $170 billion market capitalization of the company that rejected Zoom's product innovation ideas nine years ago.
Source Fool.com
