Infographic: The Zoom Application is Currently Worth More than SEVEN Major Airlines

Amid the COVID-19 pandemic, which seems to be slowly waning, most people have been forced to work from home in the comfort of their own homes, and some companies have profited significantly from this.

One of them is Zoom Communications, whose video conferencing application Zoom has proven to be the perfect companion for the working population during quarantine. The increase in the use of this application over the past four months is best illustrated by the fact that Zoom Communications is currently worth more than the combined value of the seven largest airlines.

As of May 15, 2020, Zoom’s market capitalization has risen to $48.8 billion, despite revenues of only $623 million in the past year.

But what sets Zoom apart from its competition, considering that there is a ‘sea’ of video conferencing applications?

—

photo

—

Industry analysts say that business users have been ‘drawn’ to the application due to its simple interface and user experience, as well as its ability to support up to 100 participants simultaneously. The application has also surged among teachers for use in online learning, after CEO Eric Yuan took additional steps to ensure that schools could use the platform for free.

The number of meeting participants on Zoom has skyrocketed in recent months, rising from 10 million in December 2019 to an incredible 300 million in April 2020.

—

photo

—

On the other side of the wealth coin in these months are the airlines, which have experienced an unprecedented decline as international travel has been suspended or banned almost everywhere in the world.

This has, of course, reflected in revenues, with the world’s largest airlines reporting a revenue drop of 62 percent during the crisis, leading many to seek government assistance to survive.

—

photo

—

And when regular air traffic will return to normal is still uncertain, but major investors like Warren Buffett have already pulled their stocks from airlines, which is also a sure sign for some that the recovery will be long and difficult.

—

photo

—

And what about Zoom? Will this recent success of the application last? This is a question many investors are asking as they eagerly await the company’s first-quarter results for this year, which will surely be excellent, but again, when everyone returns to work, what will happen to video conferencing?

—

photo

—

{embed_digitalno_izdanje}{/embed_digitalno_izdanje}