At the end of March Zoom will probably have added oh, ten times as many customers as they had at the end of December. Many of those will be non-paying, but many of the ones they had at the end of December were non-paying too… having a lot of non-paying customers is normal for them, not something just sprung on them.
Hi foodles,
I told you that I was trying to be conservative. hmcproperties just kindly provided us with actual figures in post #65040.
As of several days ago Zoom was downloading about 2,140,000 Zoom apps per day. In late January it was just 56,000 per day. That means that in late March they were signing up 38 times the number of new users per day that they were signing up in January. That’s an awesome figure!!!
It means that they are now signing up more new users in a day than in the entire month of January.
And late January was certainly up somewhat from the December quarter. If we say they signed up 48,000 a day in the December quarter, they are now signing up 45 times as many new users per day as they did in December.
That means that in two days they are currently signing up as many new users as in the entire December quarter.
I’m keeping every one of my Zoom shares for now.
Best,
Saul