đ¤ Corona virus hasn't ended and people are still using zoom heavily. What is happening right now?
Stock prices are not based on how much someone is actively using a product, they're based on how much the market thinks the company will grow in the future. Positive vaccine news = fewer people using ZM in the near future. Also they were busted sending user data to China.
What do you mean? You can't seriously think a video call app is worth 100B$. Should be more like 1B$
With WhatsApp being sold at around 18 billion and slack for 27 billion itâs difficult to put finger on right price. But I agree with you, 100B for zoom looks high.
A little profit taking, thatâs all.
People are extremely bullish for no real reason. How can a simple app be that big. They are not even piggy backing on data or ads like Facebook. There is no reason for all this to to be too huge.
To their credit, itâs not clear just how simple zoom is. Anecdotally it seems better engineered than most of the alternatives
Yeah, but the end of the day, there are many more alternatives, no required vendor lock in, open source alternative, enterprise subscription and much more.
Zoom has no moat. Users don't care which video chat service they're using as long as it works well enough. There's some competition coming from MS Teams which most companies already have by paying for Office.
They have those backgrounds. The others donât, đ. That is a âmoatâ enough for most users.
Teams has background effects as of earlier this year
Wall Street made enough money and left for others, leaving a bunch of opportunists crying. Thatâs it
Ppl who says TSLA is not an auto company will get a tight slap next year when it drops without limits ZM and SNOW will come close to $100 and then will grow slowly..
9?
Tech Industry
Yesterday
413
One time annual stock vesting is a scam
Tech Industry
Yesterday
2819
Quitting this Slave life
India
Yesterday
993
Modi is a legend, will be remembered for centuries to come
Working Parents
Yesterday
939
What do you think is wrong with a kid who got rejected by 9 colleges?
Working Parents
13h
1081
Closed now - thank you all
People are realizing the company isnât worth anywhere near $100 billion just because of COVID with Cisco and Microsoft competition. Maybe more fairly valued at $100/share. Bubbles are great until they pop. Thatâs what youâre seeing. The issue with the current tech bubble is people assuming that just because a company has a well designed popular product (Zoom, Tesla, Snowflake etc.) that automatically translates to the companyâs share price ever going up. Itâs not true. QQQ is really worth half of its current value once investors look at financials again.