Once Zoom went public in April 2019, the company’s valuation was just shy of $16 billion. Is now the time to buy stocks, or is Zoom stock overvalued? When Did Zoom Become a “Unicorn”?Īlthough the public now knows of Zoom following the events of 2020, a million Zoom users were logged within the first few months of its launch.īy two years post-launch, that number had reached around 40 million and by January 2017, Zoom reached a valuation of $1 billion. While many quickly invested in Zoom, others now wonder if Zoom stock will spike once again after it came crashing down to earth following its sugar highs. These trends had a significant impact on the company’s valuation and share price. As more and more COVID-related lockdowns came into effect, Zoom allowed friends, family, and colleagues to stay connected.
While 700,000 businesses and nearly 7,000 educational institutions had used Zoom as of 2017, it wasn’t until 2020 that this video conferencing service entered the public consciousness. Will Zoom Stock Go Up Again? Originally designed for business usage, Zoom ( ZM) launched in 2013 and has since seen a dramatic surge in download rates.
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