Zoom is worth more than 7 of the largest airlines on the planet

Tram Ho

Zoom Communications is a prime example of brands that have a “strong win” during this period. The following infographic comes from the Lufthansa Innovation Hub, showing the impressive growth rate that Zoom achieved during this “abnormal” historical period.

 Zoom giá trị hơn 7 hãng hàng không lớn nhất hành tinh - Ảnh 1.

“Big bang” named Zoom

As of May 15, 2020, Zoom’s market capitalization has soared to US $ 48.8 billion, although its revenue last year was only US $ 623 million.

What separates Zoom from competitors and what makes this app popular with businesses?

 Zoom giá trị hơn 7 hãng hàng không lớn nhất hành tinh - Ảnh 2.

Industry analysts say the app appeals to the business community because of its easy user interface and experience, as well as the ability to support up to 100 people at once. This application is also included in online teaching, after CEO Zoom – Eric Yuan takes additional steps to ensure schools (from kindergarten to high school) can use Zoom for free.

The number of people attending online meetings on Zoom has skyrocketed in recent months, going from 10 million in 2019 to a whopping 300 million in April 2020.

 Zoom giá trị hơn 7 hãng hàng không lớn nhất hành tinh - Ảnh 3.

Aviation industry “plummeted”

The aviation industry is on the other side of luck, affected by unprecedented impact due to the decline in air travel demand.

Here are the world’s leading airlines (ranked by revenue) that have dropped 62% of their total market capitalization since the end of January.

In countries struggling to contain the spread of the pandemic, many companies have cut flights, laid off staff and reduced executive salaries to try to survive.

When the air travel industry recovers remains a big question, even veteran investors like Warren Buffett withdraw from aviation stocks.

The world is changing fast with airlines. I am not sure what the future of this business will be.

Warren Buffett

The future is coming?

It can be said that the recent success of Zoom due to “the situation” but whether it lasted? This is also a question of many investors and experts who put forward the first quarter business results of the company.

Everything that comes to Zoom is not really “smooth sailing”. A series of “Zoom bomb” incidents occurred, when uninvited people appeared at meetings, causing many people to wonder about the company’s security measures. However, Zoom is also quick to take corrective measures.

As many parts of the world are “stimulating” economic stimulus, the aviation industry will gradually return but the process to fully recover will certainly be “slow”.

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Source : Genk