At some point the market capitalisation of ZOOM was higher than EXXON's. What happened?

October 20, 2022
< 1 minute

By Sorin Anagnoste

Strategy | Business Models | Tech

It’s hard to believe that at some point the market capitalisation of ZOOM was higher than all mighty EXXON.

What happened? Zoom discovered pretty fast what a “feature” is and Microsoft started to do products that just work, especially video conferencing (ie. Microsoft Teams). From there was only one simple step: network effects.


zoom vs exxon market capitalization

Source: ? snapshot, Koyfin


The foreseeable end of the pandemic just accelerated this decrease, coupled with people returning to offices; indeed, partially…2-3 days per week, but guess what? Video meetings become in-person meetings and the rest of the days meant just individual work.

The future of work will continue to disrupt all types of companies.

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