Zoom

    The Oxford English Dictionary defines ‘zoom’ as an adverb meaning ‘to move or go somewhere very fast’. Well, the videoconferencing company Zoom is surely living up to its name. Zoom, with a market capitalisation of $48.8 billion, is now worth more than the world’s seven biggest airlines. The online communications platform was already fast becoming a new tech kid on the block, but COVID-19 gave it extra ‘va va voom’, with growth of 129% since 31 January, while the airlines have all shrunk between 48% and 73%. Post-crisis, it seems unlikely that we will zoom back to the skies.

    — Wayne Visser

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