(Source)--Zoom’s teleconference services are being widely used for education, telehealth and have even spread into personal space through weddings and “zoom parties”.
As of May 15, 2020, Zoom’s market capitalization has skyrocketed to $48.8 billion, despite posting revenues of only $623 million over the past year.
Conversely, the airline industry has suffered unprecedented plummet in demand due to international travel restrictions
The world’s top airlines by revenue have fallen in total value by 62% since the end of January 2020. The table below shows Market Capitalization of seven of the world’s largest airlines
Just an incredible stat here. Zoom, a teleconference product that I would guess most people in the world had never heard of in January is now worth more than Southwest, American, Air France, Delta, United, Lufthansa, and something called International Airlines Group...combined. Market Cap sitting at almost 50 BILLION. All at once people decided "hey, I am bored. Let me talk to my friend from college that I wouldn't call or talk to in a million years under normal circumstances but the guy who runs our fantasy league set up a zoom call so fuck it...we are all having drinks on Saturday". Their entire valuation is based on boredom and companies feeling like they need to do SOMETHING so they can say they did stuff and then a recording of that video goes viral because Susan in marketing decided to walk her computer into the bathroom and take a dump without realizing where she was. That's incredible. I am not a stock guy. I can't tell if this zoom stuff is here to stay or if we should be shorting this stock because eventually offices are going to open back up and talking to people in person will seem necessary again. Hard to say. What isn't hard to say...Airlines are coming back in a big way. Can't stay down forever. Just ask the experts