But Zoom, alone, already has a marketcap of $117.534B (https://finance.yahoo.com/quote/ZM/)
I really think there is an unsustainable distortion happening.
Market cap is a multiplier of revenues, easily 10 or 20 for a tech company, that means a $1T market cap to be taken across the videoconference companies.
Wondering how numbers can be so high? Count $10 per month * 12 months in a year * 100 million employees in the US... that is $12B per year going to video software!
- AMZN: 92
- GOOG: 34
- FB: 33
- NFLX: 76
- AAPL: 35
- MSFT: 35
Compare this to, say, 3M, at 19, or GM with 17.
edit: incidentally, apparently Zoom's P/E is... 527, which is grossly inflated even for a tech company. Tesla is also in the same category with a P/E of 834.
Side note - Go read about Japan's lost decade and you'll see how dangerously close our (US) current speculative investing environment is to theirs before it fell.
Zoom went bananas because they won the space at a point in time that mattered. FaceTime is too proprietary and lacks features due to E2E, WebEx is run by incompetents, Google Meet is hard to use, and Teams is too complex. There’s a thousand other competitors with a few users.
Speculators poured billions into the consort and the valuation went nuts. That could go away in a week.
Yes, soon any website can have their own videoconferencing using web technology like WebRTC. And implementation will be as simple as running "npm install".
> But Zoom, alone, already has a marketcap of $117.534B
Yes. Zoom having a market cap that's more than half of Intel? Come on now ...