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Could Zoom Stock Help You Become a Millionaire?

TheMotleyFool

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Could Zoom Stock Help You Become a Millionaire?: https://g.foolcdn.com/editorial/images/761360/serious-thoughtful-person-laptop-home-setting.jpg

When videoconferencing software company Zoom Video Communications (NASDAQ: ZM) held its initial public offering (IPO) in 2019, shares began trading around $65. Today, Zoom trades at only $70. In short, it hasn't helped anyone become a millionaire so far -- it's losing to the market, after all.

Counterintuitively, Zoom's business is mind-numbingly bigger now than it was then. In less than five years, its trailing-12-month (TTM) revenue is up close to 1,300%, and it continues to climb. And it has a $6.5 billion pile of cash, cash equivalents, and investments.