Here's Why Zoom Is No One Hit Wonder
To say Zoom Video (NASDAQ: ZM) stock has been on fire would be an understatement. Year to date, shares have more than doubled -- with no end in sight.
As the COVID-19 pandemic continues it spread around the world, millions of people are hunkering in their homes to work and play. Zoom has become a critical component of the self-isolated lifestyle, resulting in rapid growth in usage and time spent on its video-conferencing software.
The stock has gotten so popular the Securities and Exchange Commission was forced to suspend trading in Zoom Technologies recently, because investors thought they were investing in Zoom Video. While understandable, Zoom Technologies hasn't filed with the SEC in five years.
Source Fool.com
