Things are generally going well for a company when it's being compared positively to PayPal (PYPL -0.27%), Microsoft (MSFT -0.66%), and Shopify (SHOP).
In this Backstage Pass video, which aired Sept. 28, 2021, Motley Fool contributors Jon Quast and Brian Withers, as well as Fool analyst Yasser El-Shimy, share how Zoom (ZM -0.34%) reminds them of these companies.
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Jon Quast: Brian, can I just end with one closing thought that I had because I kept having it all day today as I dug into Zoom, and that's this company reminds me a lot of PayPal in a lot of ways, because PayPal, how did they become the dominant force that they are in FinTech? With partnerships, collaboration, investing money in MercadoLibre (MELI -0.00%), for example.
This is how they've done it and this is how I see Zoom is doing it with, buy hardware from these guys, have your carrier from these guys and partnering with all these other companies around the world with Softbank and Five9. I really see that they are collaborative player in the space and this is really helping them win.
Yasser El-Shimy: Jon, I was actually going to say that they remind me a lot of Microsoft, actually, in the early days. The reason being is that it's not only a household name, but also you use Zoom as a verb now, but it's also a corporate darling. Lots of enterprises all over the country and the world love the solution that Zoom provides. Usually, you don't have that combination of complete buy end, both on the individual level as well as corporate level.
Brian Withers: Yeah, Jon, as you were explaining it made me think of Shopify, which is, they're out to help the entrepreneur be successful. They don't have to capture all the revenue and they have a bunch of enterprise partners that make that happen.
It was great covering the slides with you, guys. At one point we were uncertain of how to cover the agenda, and I hope everybody enjoyed the day. I certainly got a much better appreciation for Zoom Phone. Yasser, you brought some great things to the table with the way that they're going to engage with apps and whatnot.
The future looks bright for this company.
