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.
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.
