Tuesday June 2, 2020

Zoom may be moving too fast for its own good

The video-conferencing service’s value has shot up to $40 billion in the current crisis, but if it doesn’t control its rapid growth it could become the next WeWork

Emmet Ryan

Technology Correspondent

5th April, 2020
Zoom is in danger of becoming the next WeWork due to its rapid growth. Picture:Getty

Zoom has a problem. It’s one most firms would be envious of right now but it’s a problem nonetheless. The value of the remote conferencing services business has more than doubled since the end of January, with a market cap north of $40 billion at the time of publication.

This gain in traction is no surprise. Zoom was the first and, put bluntly, most callous remote-working tool to jump on the worldwide...

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