Zoom is Now a Bigger Company Than AMD and Unilever As Stock Prices Rise

Jun. 21, 2020

As the Coronavirus pandemic has forced the global population to stay indoors, most of the working-class individuals are heavily using video conferencing apps likeSkype,Google Meet, andZoomto work from home. Amongst the aforementioned apps,Zoomhas seen thehighest rise in usage, despite itsinvolvement in controversies. Now, according to recent reports, Zoom has surpassed major companies like AMD and Unilever in terms of valuation.

While there aremany other video-conferencing appsout there, people seem to love using Zoom. Probably because of thefeatures it offersand the fact that it is completely free to use. Whatever it is,the company is currently at the top of its game as its market value touched a whopping $67.43 billion.

This market value is higher than many other big players in several sectors. With this valuation, Zoom successfully surpassed companies like AMD (valued at $64 billion), Unilever ($66.4 billion), and Colgate-Palmolive ($62.4 billion). So, if Zoom continues to grow at this pace,it will soon surpass major players like Goldman Sachs and mining giant, Rio Tinto.

Well, this clearly shows that Zoom is having a time of their life asmore and more people turn to Zoomamidst the ongoing crisis. Until the pandemic started, many of us did not even know that Zoom existed. Most of us were familiar with Skype. However, the pandemic surely helped Zoom become one of the biggest players in the video-conferencing scene.

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