I know some would disagree, but I don’t think any other tele-meeting offering can compete with zoom in ease of use, which is absolutely key right now.
I agree this is key. People are mentioning “Zoom” in conversations who 4 days ago never knew it existed, and most importantly, it “just works” for them. Heard this morning that all my ex’s friends in the Netherlands are now hosting Zoom “wine chats” instead of going out. Last week, this wasn’t a thing.
We’ve been using it at work for months now, and today is the first day we’ve had bandwidth issues. But I’m not sure it’s going to negatively impact perceptions. The fortuitous timing for Zoom in this crisis is that everybody is going to understand growing pains. If someone’s call doesn’t work, they know it’s because everybody is trying to do the same thing at the same time. (Of course, Zoom better stay of top of this, or it will be an explosive finale…)
I’m tormented about the price jump today. I sold a lot of other things last week just to make sure I had cash…either to live for a while if necessary or jump into an opportunity. So at this level Zoom is a major part of my portfolio. It’s probably not in a healthy state.
But alternately, I’ve never seen mindshare adopted this quickly. Average people are using it to replace physical socializing, and I wonder if that will even revert much after this. There’s definitely a learning curve to hanging out virtually…I used to have semi-regular Skype chats with far-flung friends, and it always seemed to take a while for people to go through some kind of “performance anxiety” before finally relaxing. But that just takes practice, and now, people are practicing unwittingly.
So for now I’m going to hang in there with the stock. Probably not prudent, but I’m really curious…