Is this major trend working against Zoom (ZM)?

May 20, 2024

You've probably heard a couple of your buddies complaining about the same thing recently: their office is requiring them to return to in-person work. In a building. That isn't their home.

RTO (return to office) is a major trend unfolding in 2024 as companies realize that loose policies led to lower productivity among employees several years post-pandemic.

Boeing, UPS, Nike, Amazon... we could keep going.

Bottom line: the hybrid work model isn't cutting it -- and remote work definitely isn't.

This is the first trend working against Zoom.

The other is related to how large enterprises work.

Consider if you work for a large company: how much say do you have in which office tools you use? If your company uses Microsoft Teams, you're using Microsoft Teams. If it uses Slack, you're on Slack.

Zoom has done a good job of courting some large names (for instance, Diageo, a leading global beverage company which it thanked on its last earnings call.) Last quarter ZM enterprise customers increased slightly to 220,400. But this growth is slowing down (see below).

ZM's growth hopes are now also hinged on...

This section is restricted to LikeFolio Pro Members only.

Want deeper insights? Get Free Access to The Vault.

Tags: 

Related Posts

Covid Vaccine: Winners & Losers

Trend Watch -- Looking Ahead We knew this day would […]

Read More
Expecting a Lyft into Earnings

Lyft (LYFT) Last week, we were ready to roll into […]

Read More
Top trends we're watching in 2021

Trend Watch 2021 As 2020 comes to an end, it's […]

Read More
1 2 3 4

Related Posts

Related Reports

About LikeFolio

LikeFolio analyzes social media data to accurately predict shifts in consumer behavior. We sell data and insights to professional investors, corporate research teams, and software providers.
© 2024
 LikeFolio. All Rights Reserved.
LikeFolio