In the last couple of months tech stocks like Microsoft (MSFT), Slack (WORK) & Zoom (ZM) seem like the most attractive discounted investments for investors during the coronavirus.
Microsoft (MSFT), Zoom (ZM) & Slack (WORK) see high boost amidst Coronavirus
Collectively these companies saw a huge increase in usage amidst the coronavirus outbreak, with Microsoft potentially beating Slack and Zoom usage by 70%. In addition, Microsoft also saw a 1000% increase in video calls unlike Zoom which is now decreasing.
Slack usage is also increasing but not as fast as Microsoft Teams, Slack gets 8000 new customers per day while Microsoft gained 13 million in seven days.
The World Bans Zoom (ZM)
Zoom is now in the cross hair of legality when it admitted that some calls where routed through China, in precaution companies and institutions are now banning the use of Zoom amidst China surveillance fears and while Zoom isn’t end to end encrypted it would be very easy for Chinese spies to ease drop on calls.
Companies are now faced with going with alternative measures like Facetime, Microsoft Teams, Skype and WhatsApp.
With Microsoft continuing to provide new features to Teams it’s highly possible it will continue to succeed.