How will Zoom maintain it’s earnings with keen competition on it’s heels?

Zoom the video conferencing service provider had an incomparable 2020 which saw the social restrictions imposed due to the Coronavirus pandemic increase the demand for its services. The 4th quarter of 2020 saw Zoom’s sales to be up 370% reaching $882.5 million. Zoom was moving on the stock exchange charts today surging more than 6%. This was on the back of CEO Eric Yuan commenting on the business sales prospects for 2021. Zoom now has some keen competition in Microsoft Teams and Google.

 


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