One of the biggest ABC (Accidental Beneficiaries of Covid) stocks was Zoom Video (ZM). Since its peak, virtually the entire value of the company has been destroyed.
I have no idea what on earth people were thinking back in 2021. That we’d all hang out on Zoom all the time, pay them for the privilege, and no competition would exist? It’s insane. I wouldn’t be surprised to see ZM delisted within 18 months.
