Zoom Now Worth More Than the World’s 7 Biggest Airlines
visualcapitalist.com
visualcapitalist.com
If ANY company has extensive ties to China, they are under full influence of the CCP. You literally cannot operate in China without this influence at any sort of scale.
Zoom is developed almost entirely in China. The CCP has policies that systematically steal intellectual property for use in Chinese companies. If they can intercept your IP, they'll steal it and give it to Chinese competitors.
Yet, many entrepreneurs here have echoed the same sentiment over the years
Consider that it's not a campaign.
Anyway, everyone acts in their best interests.
By some estimates, they steal $600bn of US trade secrets on an annual basis.
In fact, hackers associated with the CCP government have been detected hacking and stealing such materials on behalf of Chinese competitors.
Why would anyone trust Zoom? Do you think the CCP has no influence on a company's technology being almost entirely developed in China?
you might like the servicr, but zoom is definitely overvalued, no question about it.
Moreover, Zoom has documentation on how to use it, and Jitsi has none. (They have the stubs for documentation, but the content itself is largely missing.
One other thing Zoom has going for it: name recognition. In a crowded market, name recognition is more valuable than the tech.
Maybe this has improved since but I wouldn't use Shitsi again with Discord as an alternative.
> Maybe this has improved since
Yes.
IMO it’s one of those situations where some software becomes popular for reasons (marketing? Network effects?) and people just use it because it’s there. No one can shop for software and that’s why we need open protocols.
Once you get passed a dozen or so video call users in the same meeting, your options diminish quite a bit. I'm not saying zoom is the only option, but there aren't just tons of easy to use options that do that well.
Network effect.
Zoom adoption has reached critical mass. Why does anyone pay for Slack when IRC is free? It's what everyone else is doing.
On one hand you have companies that keep flying chairs in the sky filled with people, feeding them every few hours migrating them across continents.
On the other hand, I have a company that can replace my crappy apt bedroom with a fake office background.
Fascinating that VC funded madness has gotten to this point - prioritizing CTRs, engagement, growth rates and so on.
For one, having catastrophic bugs means to send a "sorry" mail to your users. And maybe fix them.
Such bugs on a plane mean death of people. It is similar to suddenly not having wings. And they are back, but half of the cabine is gone. And suddenly no more plane, you are kindly asked to flap your arms.
Plus it seems like part of the business model of airlines is lobbying for government bailouts.
Three months ago I would've probably bet every dollar I had against a company in their position being able to fairly-reliably scale exponentially to meet an unforeseen circumstance.
I'm curious to see if they can ride this into long term success.
In both cases, What goes up, must come down.
I just find it hard to grasp the idea that an app can "be worth" more than 7 largest airlines combined; because I do not clearly understand how the worth is being calculated.
You could also look at enterprise value which is market cap + net debt for a better view of size.
In the investment markets people frequently joke about how poor airlines are for an investment. Many of them don’t even own their own planes because they do not make enough money to use the depreciation.
How many yc startups will be enabled with it ?
Is it sustainable?
It seems reasonable to look at negative p/e numbers in a bit of a similar way, as being beyond infinity on a scale.