Cisco Systems bought the video conferencing company in 2007 for $3.2 billion and Yuan stuck around Cisco as a VP in its Collaborative Systems group. As he told me in September 2017, he left Beijing in 1997 to be the founding engineering of WebEx. I admire Eric Yuan’s entrepreneurial accomplishments. And it is working with Facebook to plan “what remote-collaboration workspaces could look like through virtual worlds known as the metaverse,” noted the Journal.

Microsoft intends to make Teams available to all Windows users in its next version of the operating system. What’s more, Microsoft is investing to make Teams more widely used in the future. And as companies move online, they also want one unified platform for meetings to form systems, which Teams delivers.' As he told investors in 2020, 'Teams is the only solution with meetings, calls, chat, content collaboration, as well as business process workflow in a secure, integrated user experience. Microsoft CEO Satya Nadella highlighted the unique value proposition to customers. As the Wall Street Journal reported, Microsoft’s Teams application, which combines videoconferencing and other collaboration features, reached a record 250 million monthly active users in July. Zoom is also suffering from competition from Alphabet and Microsoft. Zoom’s growth slowdown is not solely due to unfavorable comparisons to the first year of the pandemic when the videoconferencing company’s service was in huge demand as people worked from home. Microsoft Teams Cuts Into Zoom’s Core Business In the first quarter of 2021, “Zoom’s number of large customers jumped 87%, and in 2020’s third quarter, still in the height of Covid-19 lockdowns, the increase was 485%,” wrote Bloomberg. Sadly for investors, this rate of growth represents a massive slamming on of the brakes after the pandemic sent its customer count soaring.

It reported an 18% increase in the number of large customers - which missed the analyst estimate of 516,174. In the third quarter, Zoom disappointed again. In the second quarter, Zoom’s 36% pop in the number of big clients was below expectations. As Bloomberg reported, Zoom disappointed investors for the second quarter in a row with its projection for its count of large customers. Zoom did not exceed expectations on all fronts. Zoom’s Decelerating Growth In New Customers

Zoom video stock