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.