How is Zoom like Google?
Both companies stand out from recent large tech IPOs in being financially self-sustaining without raising gobs of venture capital money. And that is very likely one of the reasons why Zoom stock has nearly doubled since its IPO earlier this month.
It also highlights the challenge for Lyft and Uber, both of which raised billions in funding before going public, and yet are still burning through cash with no sign of being profitable anytime soon. It likely is one reason why Lyft stock has fallen 18% since its public offering, and why Uber lowered the valuation it sought in its IPO to $81 billion from a reported $100 billion or more once expected.