CNBC reports that "Zoom reported revenue growth of 169% from the previous year in its first-quarter earnings report on Tuesday, and nearly doubled its revenue guidance for the full year, as the coronavirus pandemic drove millions of new customers to the video calling service and turned it into a household name."
The company's margins aren't what they used to be - there have been higher costs in terms of adding capacity and improving the system's security infrastructure. And, Zoom suddenly is facing a lot of high-profile competition from the likes of Facebook, Microsoft and Verizon.
But one piece of good news for users: Zoom so far has refused to allow advertising on its service.
- KC's View:
One note. I hadn't heard of it until recently, but even Amazon has a version - Amazon Chime.
Y'think they'll figure out a way to build awareness and market share in coming months?