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

@emmetjryan
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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