In early May, we published a chart in our newsletter showing that video-conferencing company Zoom Video Communications was valued more than the combined market capitalization of the five largest airlines in the world.
The chart went viral and was soon picked up by online publisher Visual Capitalist who illustrated the same comparison based on mid-May data when Zoom was already worth more than the top seven airlines combined.
Fast forward another 5 months, and Zoom’s market cap has now reached $150 billion which is more than the 15 largest airlines in the world put together.
A mind-blowing shift to say the least.
Of course, we know that it’s not a clean apples-to-apples comparison.
But the chart does provide a powerful illustration of how the “virtual world” continues to replace face-to-face interactions, especially in times where Europe is on the brink of a second lockdown and the U.S. experiencing a steady rise in Covid-19 cases.