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Wow, I didn't know Zoom stock is now worth only 12% of what it was at its pandemic highs, putting it almost exactly back to how it was right before the pandemic

Wow, I didn't know Zoom stock is now worth only 12% of what it was at its pandemic highs, putting it almost exactly back to how it was right before the pandemic. https://www.google.com/search?q=zoom+stock https://www.google.com/search?q=zoom+stock

rolph 3y ago
as it should be ;-]
coffeebeqn 3y ago
I guess that makes sense. There was some ridiculous extrapolation on the “new normal” like COVID would last forever
- giantrobot 3y ago
  Zoom got a huge boost of non-commercial use. Everything from book clubs to AA meetings started Zoom sessions during COVID. These are very localized sort of meetups without too much out-of-area participation. Once restrictions on in-person meet ups were eased or obviated Zoom wasn't really offering anything special so usage dropped off. Google Meet and Microsoft Teams also beefed up their offerings. My current gig is an Office 365 shop (or whatever the brand is) so it's all Microsoft cloud stuff. Meetings including broadcast type things like all-hands are all done via Teams which integrates directly into Outlook and ActiveDirectory. I know Google has equivalent integration with their offerings. So Zoom in my experience doesn't quite offer anything all that unique to a lot of COVID era adopters. It completely makes sense their usage would drop back to their pre-COVID numbers. Remote work isn't dependent on Zoom nor does it offer the same integration as other platforms.
- Lev1a 3y ago
  > like COVID would last forever COVID will be forever with us from now on just like the flu has been since forever and I haven't heard of a currently realistic/feasible way to snuff it out. It will be just one of those infectious diseases everyone gets the yearly shots for. That the lockdown situation wouldn't last forever however was clear to anyone who hadn't gotten high off the farts of <insert any conspiracy theorist nut's name here>. In the end society mirrored the body's immune system with their reaction to new viral threats: - active defense mode: fever (lockdown) and try to sweat most of it out (first vaccines for broad herd immunity), followed by - continual defense mode: producing and tuning antibodies to ever new mutations to the original viral aggressor (releasing lockdowns step-by-step, yearly boosters, learning to live with the chance of catching another of the myriad of diseases out there).
ilrwbwrkhv 3y ago
Yes because it is a video calling app. It should have never gone so high in the first place.
- adestefan 3y ago
  An Alphabet is just an ad company. What’s your point?
  - hot_gril 3y ago
    Ads is a bigger market that they were able to corner better.
  - ilrwbwrkhv 3y ago
    No it is not. This kind of argument is silly.
  - rrrrrrrrrrrryan 3y ago
    It's much easier to build a video calling app whose feature set matches Zoom than an advertising company who can compete with Alphabet.
hot_gril 3y ago
And it was always correlated with bad covid news / good wfh news. Telling their employees to go back might even hurt their own stock, not that it really impacts the market but it just looks bad.
- tech_tuna 3y ago
  It's a comically bad look. But screw Zoom. I've never been a fan of Zoom or Slack, yet somehow they came out on top of the pile of video/chat message platforms.

rolph 3y ago

as it should be ;-]

coffeebeqn 3y ago

I guess that makes sense. There was some ridiculous extrapolation on the “new normal” like COVID would last forever

giantrobot 3y ago
Zoom got a huge boost of non-commercial use. Everything from book clubs to AA meetings started Zoom sessions during COVID. These are very localized sort of meetups without too much out-of-area participation. Once restrictions on in-person meet ups were eased or obviated Zoom wasn't really offering anything special so usage dropped off. Google Meet and Microsoft Teams also beefed up their offerings. My current gig is an Office 365 shop (or whatever the brand is) so it's all Microsoft cloud stuff. Meetings including broadcast type things like all-hands are all done via Teams which integrates directly into Outlook and ActiveDirectory. I know Google has equivalent integration with their offerings. So Zoom in my experience doesn't quite offer anything all that unique to a lot of COVID era adopters. It completely makes sense their usage would drop back to their pre-COVID numbers. Remote work isn't dependent on Zoom nor does it offer the same integration as other platforms.
Lev1a 3y ago
> like COVID would last forever COVID will be forever with us from now on just like the flu has been since forever and I haven't heard of a currently realistic/feasible way to snuff it out. It will be just one of those infectious diseases everyone gets the yearly shots for. That the lockdown situation wouldn't last forever however was clear to anyone who hadn't gotten high off the farts of <insert any conspiracy theorist nut's name here>. In the end society mirrored the body's immune system with their reaction to new viral threats: - active defense mode: fever (lockdown) and try to sweat most of it out (first vaccines for broad herd immunity), followed by - continual defense mode: producing and tuning antibodies to ever new mutations to the original viral aggressor (releasing lockdowns step-by-step, yearly boosters, learning to live with the chance of catching another of the myriad of diseases out there).

ilrwbwrkhv 3y ago

Yes because it is a video calling app. It should have never gone so high in the first place.

adestefan 3y ago
An Alphabet is just an ad company. What’s your point?
- hot_gril 3y ago
  Ads is a bigger market that they were able to corner better.
- ilrwbwrkhv 3y ago
  No it is not. This kind of argument is silly.
- rrrrrrrrrrrryan 3y ago
  It's much easier to build a video calling app whose feature set matches Zoom than an advertising company who can compete with Alphabet.

hot_gril 3y ago

And it was always correlated with bad covid news / good wfh news. Telling their employees to go back might even hurt their own stock, not that it really impacts the market but it just looks bad.

tech_tuna 3y ago
It's a comically bad look. But screw Zoom. I've never been a fan of Zoom or Slack, yet somehow they came out on top of the pile of video/chat message platforms.