A great blog I follow AVC pointed out a unique, possible connection between Zoom’s stock price in the last month or two and the recent developments with Coronavirus.
If you had to travel overseas to attend meetings, would you? Voluntarily? To China? Likely not, and chances are you couldn’t. So that means videoconferencing is a great solution. Today’s technology like Zoom allows you to chat face to face in real time with few, if any glitches.
And thus, the stock is rising. Is it related directly to Coronavirus? Maybe not. But maybe it is?
I thought this was a fascinating observation and one that I will closely follow throughout this Coronavirus debacle and beyond.