From 10 million participants globally in December 2019 to 300 million in April 2020, it’s a heady ride for the Nasdaq-listed communications platform in the new world. In India, it has been more than a match for the mighty WhatsApp. But Zoom is chased by security and privacy concerns. Still, the US markets have given its stock a big thumbs up.
It has zoomed to the top of the popularity charts in India, and in many corners of the globe. Zoom Video Communications is the new sensation in virtual communication and collaboration. As a parallel, think of the impact WhatsApp had in India, and Google globally.
It’s not quite there yet, but is making that journey. A lot will depend on may become a hyper-competitive market and monetize its expanded user base may be a steep challenge with cloud market leaders Google and Microsoft both aggressively eyeing the VC space. And these bread-and-butter concerns will be on top of Yuan’s mind once the pandemic is contained.
Zoom has emerged as a formidable rival to WhatsApp, Skype, Microsoft Teams. Only time will tell, if the place will be made or will remain to be looked out for?
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