The financials here make absolutely no sense to me, and this is only an example of the current state of (US) economy?
Zoom market cap is currently close to $107 billion, and it announced on July 18. 2021 that it’s acquiring Five9 for $14.7 billion in stock.
Meanwhile, Zoom reported net income of $7.6 million on revenue of $331 million for the year ended January 2020.
For sure their success is fascinating, and no small feat, but how is it ever expected that it measures in such a sky high evaluation?
Is the bubble real, or just late capitalism manifestation?
Or are they embodiment of the same religion, capital worshipping on the altar of ever transforming bubble.