In Feb 2020, almost no one heard of or used Zoom. As a totally niche service, the stock was $100 before COVID hit the USA.
Even if COVID is done finished game over 100%, there are still exponentially more users today than Feb 2020. How can the stock be less than before COVID. There is 0% chance their revenues and earnings are less than before COVID.
People still WFH and Zoom is used more than Feb. 2020, when no one used it. Is this a case of “We lose money on every car, but we make it up on volume” ?
Leave a Reply