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Why Kevin O'Leary Is Bullish On Zoom Video

On Monday afternoon, Kevin O'Leary explained why he increased his equity stake in Zoom Video Communications, Inc. (NASDAQ: ZM).  O’Leary believes Zoom is the main source of virtual work and class meetings.

· 10/12/2020 12:46

On Monday afternoon, Kevin O'Leary explained why he increased his equity stake in Zoom Video Communications, Inc. (NASDAQ:ZM).

 O’Leary believes Zoom is the main source of virtual work and class meetings.

"Zoom is becoming a standard for meeting use," O’Leary said on CNBC's "Halftime Report."

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O’Leary believes Zoom is the leading company in the virtual meeting industry due to its integrations and developments. He also mentioned how he believes the company will have a standard for people to start paying for a membership.

"Zoom has pricing power and when a company has pricing power, I buy equity in it," said O'Leary.

Zoom's stock traded around $498 at publication time.