There are a lot of people calling Zoom ‘the next AOL’ as we start 2021.
Zoom is in my 8-80 portfolio so of course I have to think about that because there is a BIG difference between a company for the ages and one that flames out like AOL.
I won’t get into that today, but the pessimism is good. Stocks can’t go higher if everyone agrees that the product and company is invincible.
One sector that will NEVER give up Zoom is one that I never thought would use Zoom and that is the financial industry.
This week I had a bunch of calls with banks and hedge funds and Zoom was the product of choice. There was not one mention of security in any of the calls. I imagine my calls were beamed to China and someone that looked like me is now using the same pitch to raise money from bankers in China?
Anyways, this post has nothing to do with China or bankers or pitches or Zoom…I think.
At the end of the day, I walked past Knut as I left the office and we thought my Zoom fundraising attire deserved a photo.
I shared it on Twitter:
This morning it has nearly 500,000 views and some very funny comments and threads.
My point is that while Twitter the stock is a turd (for reasons I have outlined over the years on this blog), only on Twitter could a 55 year old putz like me get a laugh from such a broad community over something so silly and mundane as my life.
