
Also, there are concerns related to ZM’s ability to maintain its lead in the post-pandemic world. As the economy gradually recovers, it remains to be seen if the company will be able to retain its accounts with small businesses and larger corporations. While the stock has gained 499.4% so far this year, it dipped following the positive news around the coronavirus vaccine. As the demand for the platform increased at an unprecedented rate during the pandemic, the company also faced security issues with so-called Zoom-bombings where uninvited users intrude on or “bomb” meetings to annoy or harass invited meeting members. The company has become almost a necessity as several businesses have shifted to virtual communications to facilitate doing business.Ĭlasses are being held remotely, and people are using the platform informally to catch up with friends and family. ( ZM) had stellar performance this year due to the skyrocketing demand for remote conferencing amid the stay-at-home requirements of the coronavirus pandemic. Founded in 2011, the video-first communications platform Zoom Video Communications, Inc.
