When the pandemic first emerged, it forced people and economies into lockdown around the world. Work from home became the default, and with it came the growth of video conferencing. The technology for video conferencing is already many years old (FaceTime, Skype, etc.), but the pandemic pushed the technology into the spotlight — and Zoom became the poster child for this suddenly new-old technology.
Zoom’s video conferencing service was intuitive and easy to use, even for beginners. All you had to do was to click on a unique link and it would automatically transport you to meeting anywhere in the world. No need for clunky installations or confusing setups. Due to its popularity, Zoom became (and still is) synonymous with video meetings around the world.
Riding on a wave of investor euphoria, Zoom’s stock price hit an all-time high of US$559 in October 2020. But since its peak, its stock price has crashed by over 60%. Is the post-pandemic boom for Zoom all over?...