So Zoom stock could shoot up 40% today, making it worth over $120bn, more than double all US airlines put together. The thing I don't get is: 1) It's not that good. 2) It's got zero proprietary tech 3) Switching to other services is remarkably easy and would be rapid because of the same network effects that allowed Zoom to thrive fast. 4) The world will only ever do fewer video calls from now. It made $471m in profit this quarter, it will only ever make less money in the future. 5) Apple, Google, Microsoft, and every VC in the land will be finding ways to tackle them. The stock market seems to be remarkably stupid these days. It's money following sentiment and cluelessness. Greater fool theory, not reality. Don't even get me started on Tesla. …see more