In The Post COVID-19 World, Zoom Is Set to Stick Around

by Administrator
7 replies
A new article on Forbes reports that In the pre-pandemic world, most of us had limited knowledge or interest in the subject of video-conferencing software company Zoom. The company was founded in 2011 and launched in 2013 by a former Cisco Engineer. By December of 2019, Zoom had 10 million daily participants but, by October 2020, the video conferencing platform had 300 million users who were logging on while being isolated or quarantined at their homes because of the rapidly unfolding pandemic.

By December 27, 2019, Zoom stocks were being traded at 66.64 USD per share. In less than ten months, by October 16, 2020, the company's stocks skyrocketed to 559.00 USD per share. That's pretty remarkable growth and slams home the severity of the global health crisis.

Universities and academia, in general, had a task keeping employees active during the pandemic, and the solution was Zoom. A free Zoom membership, which also came with forty minutes' worth of free class time, was everything that a faculty member and a student needed to keep going. That strategy was an overwhelming success, and by the September of 2020, more than 100,000 schools in twenty-five countries were using Zoom.

The fact is, aside from how the virus boosted sales for Zoom, in the post-pandemic world, businesses will still value cost-effective ways to meet remotely. Educational institutions have also learned that classes can be offered on closed campuses. It's no longer absolutely necessary to be in the same geographic location as your educator or employer, and people know that after COVID-19.

That fact isn't wasted on Zoom executives. The company realizes the potential and is coming up with some aggressive strategies for staying relevant in the post-COVID-19 world. In fact, the 'new normal' could end up getting built around tech like Zoom.
#covid19 #post #set #stick #world #zoom
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  • Profile picture of the author WF- Enzo
    Just to add - it's not just Zoom that's set to stick around. Of course MS Teams is there to stay, as well as Google Meet.
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  • Profile picture of the author visimedia
    zoom stock is an opportunity of course, altough some people think it'll go away after vaccines, but looks like it's not that quick to go back to the old normal.
    However, looks like this kinda opportunity will also be occupied by other competitors, not only zoom will get the opportunity I think

    ever go to indonesia? check on for best hostel in malang

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    • Yeah I don't think Zoom's going away either. It's a well built company with a good product that will likely persist even with the ushering in of "hybrid / WFH".

      Not sure abt the stock though - to your point hard to know what some of these "COVID winner" stocks are going to do once most of the country is vaccinated (by May possibly?)

      For my money Teams is the best product of the three mentioned above - with Google Meet coming in a solid last
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  • Profile picture of the author tnob
    I was a Zoom user pre-COVID and thought it was a great way to have meetings with people in different geographies.

    I live in Texas, where yesterday our Governor just announced that COVID restrictions will be lifted on March 10th.

    I am very anxious to see how people will react to this. Will people actually stop wearing masks? Will people actually meet in person more? What of sports audiences?
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  • Profile picture of the author talfighel
    Zoom and also WHATSUPP are both not going anywhere anytime soon.

    Most people got used to these platforms that they will continue to use it even long after the pendemic is OVER with.
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  • You wouldn't wanna be Skype rn.

    Death by necessity's late adoptahs.

    Lightin' fuses is for blowin' stuff togethah.

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  • Profile picture of the author rahulvij
    I also agree, Zoom becomes the most used app for video conferencing in this post pandemic situation. Many Businesses, Schools, colleges used this for their daily meetings, classes and for many other purposes. It's been a great platform to remain in contact with our loved ones. Not only Zoom, other platforms like google meet also served the purpose and still are being used.
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