Will cloud computing rain on the investor’s parade like it’s 1999? Surging valuations of Cloud software companies – and investor fears at missing out on the next Zoom – mean companies are being valued at billions based on meagre revenue streams.
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Zoom’s stunning year, riding on the back of the Covid exodus to the world’s kitchen tables and spare bedrooms, has seen Zoom earnings skyrocket. Yet amid the eye boggling $67bn valuation this hugely successful company now sits at a crossroads.
What is Zoom? How does it work? Is it safe? There have been suggestions that competitors Microsoft and Google are safer applications.
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