The provider of Zoom videoconferences has become more valuable than General Electric Co., once the largest company in the world by market value, during the coronavirus pandemic.
Zoom Video Communications Inc. closed with a value of $68.4 billion on Tuesday, 14 months after its initial public offering. GE, one of the first 12 companies to join the Dow Jones Industrial Average in 1896, closed at $65.3 billion. Zoom’s market value has more than tripled this year, while GE’s has fallen 32%.
No comments:
Post a Comment