Will cloud computing rain on the investor’s parade like it’s 1999? Surging valuations of Cloud software companies – and investor fears at missing out on the next Zoom – mean companies are being valued at billions based on meagre revenue streams.
Zoom’s stunning year, riding on the back of the Covid exodus to the world’s kitchen tables and spare bedrooms, has seen Zoom earnings skyrocket. Yet amid the eye boggling $67bn valuation this hugely successful company now sits at a crossroads.
What is Zoom? How does it work? Is it safe? There have been suggestions that competitors Microsoft and Google are safer applications.
The company has seen a 535% rise in daily traffic in the past…