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Zoom's Value is Zooming Away
From:
Greg Womack -- Oklahoma Financial Advisor Greg Womack -- Oklahoma Financial Advisor
Oklahoma City, OK
Wednesday, August 31, 2022


Zoom's Value is Zooming Away
 

Once a company has reached such prominence that its very name becomes the verb for its service, it generally has staying power (feel free to "Google it"). Not so much with video-conferencing platform Zoom. This week Zoom reported its slowest quarter ever of revenue growth, with sales rising just 8% over the past year, sending its stock plummeting (another) 16%. That leaves the company's market cap at less than $25 billion, a fraction of its $162 billion market cap at the height of Zoom's go-go days of the pandemic when its valuation approached some of the largest telecom and communications companies in the world. (Chart from chartr.co)

 

For more information, you can contact Womack at greg@womackadvisers.com or call (405) 340-1717.

 

(Sources:  All index- and returns-data from Yahoo Finance; news from Reuters, Barron's, Wall St. Journal, Bloomberg.com, ft.com, guggenheimpartners.com, zerohedge.com, ritholtz.com, markit.com, financialpost.com, Eurostat,0020Statistics Canada, Yahoo! Finance, stocksandnews.com, marketwatch.com, wantchinatimes.com, BBC, 361capital.com, pensionpartners.com, cnbc.com, FactSet.)

News Media Interview Contact
Name: Greg Womack, CFP
Title: President
Group: Womack Investment Advisers
Dateline: Edmond, OK United States
Direct Phone: 405-340-1717
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