Zoom has lost 50% of its value since last October. This is one of those stocks I dubbed ABC: Accidental Beneficiaries of Covid (of which Moderna is the king). I mean, it’s kind of obvious – – no one actually wants to use the goddamned thing. They were forced to because they were all sent home.
Indeed, Zoom had amazingly good luck by timing its IPO shortly before Covid-19 hit, but I think people are really sick and tired of being in Hollywood Squares. This company is a one-tricky pony, and I imagine they will never, ever see the prices they enjoyed last year. They lucked out. Simple as that.
