As Singapore enters phase two of the reopening of the economy, people and businesses are adjusting to a new normal, that of safe distancing measures in places where we work, learn and play. One new trend that is expected to persist is remote working, also known as “telecommuting”. According to a March 2020 Gartner survey, 74% of CFOs plan to permanently assign some of their employees to work remotely due to cost benefits. Businesses that provide cloud-based solutions are also benefiting from this trend, with Zoom Video Communications (NASDAQ: ZM) being a prime example. Zoom’s first quarter revenue surged 170% year over year to $328.2 million while the number of customers with more than 10 employees skyrocketed 354% to around 265,000 over the same period. Consequently, investors have been rewarded by a more than 500% increase in Zoom’s initial public offering (IPO) price of US$36 per share in April 2019 to its current price of US$261 as of 3 July 2020. As a result...