It became the new standard – Connecting remotely
Zoom aims at making virtual meetings better than in-person meetings. From a business point of view, this aim is achievable. Meeting existing customers and service providers through video conferencing is easier, more efficient, and cheaper. Zoom has built-in functionalities like screen and document sharing that are as efficient as sharing documents during a physical meeting.
Zoom offers the metaverse via video filters and backgrounds that come along with your Zoom conference. And Zoom plans to extend this immersive digital universe to family and friends, schools, and corporations.
Feasibility and probability of success: Zoom reports a little more than 465’000 business customers that have more than 10 employees. In absolute terms there are more, but Zoom does not report the size of its business customers with less than 10 employees. Based on these entry numbers, initial success appears to be possible. More importantly, Zoom has some USD 4.2 billion in available assets to invest, it is debt free, and its FCF margin is around 43%, which means that it can allocate sufficient resources to make it happen.