Zoom adds an eBay worth of market cap as stock shoots more than 40% higher

📆 2020-09-01 9:44 PM
📰 MarketWatch

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Zoom topped a $100-billion market capitalization for the first time before ending the session at $129.1 billion, thanks to the addition of $37.4 billion to its total — roughly the equivalent of eBay valuation.

Zoom Video Communications Inc. topped a $100-billion market cap for the first time Tuesday, as continuing success amid the COVID-19 pandemic sent shares more than 40% higher in a single session.

For more: You might use Zoom for free, but companies are paying for it and pushing the stock to new heights “For example, the company is guiding for revenue growth of ~3% quarter-over-quarter in the current FQ3 quarter, but we estimate that the average number of customers with more than 10 employees will grow by 18% Q/Q,” he wrote.

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Funny that $EBAY rose when Trump told people to sell his autograph on the site!

tomfgoodwin’s comments on LinkedIn regarding zoom_us are mighty poignant and thought-provoking: Zoom $ZM

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