{"id":163066,"date":"2022-09-01T18:17:24","date_gmt":"2022-09-01T18:17:24","guid":{"rendered":"https:\/\/precoinnews.com\/?p=163066"},"modified":"2022-09-01T18:17:24","modified_gmt":"2022-09-01T18:17:24","slug":"heres-why-a-growing-number-of-americans-are-moving-to-mexico","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/markets\/heres-why-a-growing-number-of-americans-are-moving-to-mexico\/","title":{"rendered":"Here&#39;s why a growing number of Americans are moving to Mexico"},"content":{"rendered":"<p><cite>New York (CNN Business)<\/cite>The work-from-home boom may be over, and that&#8217;s not good news for one pandemic stock market darling. <\/p>\n<p>Zoom&#8217;s weak earnings outlook and plunging stock price raise the question of whether or not the video conferencing company is a one-trick pony that needs to be part of a larger tech firm.<br \/>\nIt may have trouble finding a suitor, though. Competition is fierce in the video conferencing business, which means that there aren&#8217;t any obvious buyers. And analysts say Zoom is still pretty pricey, even after the big stock drop.<\/p>\n<ul><\/ul>\n<p>Zoom has to contend with several larger tech giants that already have similar products and presumably would not need or want Zoom&#8217;s technology or customer base. <span>Microsoft<\/span> <span>(<span>MSFT<\/span>)<\/span> operates Teams and Skype. <span>Cisco<\/span> <span>(<span>CSCO<\/span>)<\/span> has WebEx, which Zoom CEO Eric Yuan helped build. Google owner <span>Alphabet<\/span> <span>(<span>GOOGL<\/span>)<\/span> runs Meet and Chat.<\/p>\n<ul><\/ul>\n<p><img decoding=\"async\" alt=\"Virtual meetings can crush creativity, new study finds\" class=\"media__image\" src=\"\/\/cdn.cnn.com\/cnnnext\/dam\/assets\/220426184822-02-meeting-in-person-large-169.jpg\"><br \/>\n<span>Apple<\/span> <span>(<span>AAPL<\/span>)<\/span> likely wouldn&#8217;t make sense as a Zoom buyer either. The company already has the ubiquitous FaceTime video chat platform for its iPhones, iPads and Macs. And Apple did a deal in 2020 for a startup called Spaces that helps augment video conferencing technology with virtual reality avatars.<\/p>\n<p>But what about other tech firms that still might want a bigger presence in video?<strong> <\/strong>Could Zoom be a fit for <span>Meta Platforms<\/span> <span>(<span>FB<\/span>)<\/span>? The Facebook\/Instagram\/Messenger\/WhatsApp owner could potentially get a further boost to its video aspirations by adding Zoom.<br \/>\nHow about <span>Salesforce<\/span> <span>(<span>CRM<\/span>)<\/span>? There&#8217;s an argument to be made to combine Zoom with Slack, which Salesforce agreed to buy in 2020 for nearly $28 billion, to create an uber-workplace productivity app that could compete even more effectively with Microsoft&#8217;s Teams. <\/p>\n<ul><\/ul>\n<p>The major obstacle to any deal could be Zoom&#8217;s price. <\/p>\n<h3>Zoom could go private<\/h3>\n<p>Joseph Bonner of Argus noted that although Zoom shares are well off their pandemic peaks, the company still would be tough to swallow \u2014 even for a megacap tech with tons of cash.<br \/>\n&#8220;A Zoom acquisition is unlikely due to a number of factors,&#8221; Bonner said in an email. &#8220;The thesis in favor of acquisition would be to pick up the asset on the cheap since it&#8217;s lost so much value in the past year. Still at a $24 billion market cap, it&#8217;s not that cheap and an acquisition premium would push that toward $30 billion or more.&#8221;<br \/>\nBonner thinks that price tag would likely scare off any big tech buyers, as would the possibility of any potential deal getting a tough review from regulators in Washington. However, Bonner said there&#8217;s a chance that Zoom could be bought by an investment firm so that it would no longer be subject to the quarterly earnings report whims of Wall Street.<br \/>\n&#8220;Think private equity. That could be a possibility,&#8221; Bonner said.<br \/>\n<img decoding=\"async\" alt=\"Wall Street is battling to determine the future of work from home\" class=\"media__image\" src=\"\/\/cdn.cnn.com\/cnnnext\/dam\/assets\/220411163618-goldman-sachs-ny-office-return-file-restricted-large-169.jpg\"><br \/>\nOthers point out that Zoom is hardly the only tech\/software company that is dealing with a post-Covid hangover. The Nasdaq has plummeted due to worries about rising interest rates and recession fears as well.<br \/>\n&#8220;I don&#8217;t think it&#8217;s accurate to say Zoom is uniquely struggling right now,&#8221; said Morningstar analyst Dan Romanoff in an email. &#8220;All of software has been battered over the last 10 months.&#8221;<br \/>\nRomanoff added that Zoom is &#8220;an innovative company with a great product.&#8221; The problem, he said, is that at the height of the pandemic, Zoom was &#8220;generating an unsustainable revenue trajectory&#8221; and the stock was &#8220;sharply overvalued.&#8221;<br \/>\nThat said, a deal could be possible. Romanoff noted that a Slack-Zoom combination could make sense.<br \/>\n&#8220;I thought a couple years ago that Slack and Zoom should merge because there is no need for standalone video, phone, and messaging products,&#8221; Romanoff said.<br \/>\nBut he&#8217;s not sure Salesforce would want to buy Zoom after already paying up for Slack, noting that Salesforce has &#8220;maintained that [it is] not looking to do further large deals at this time.&#8221;  <\/p>\n<h3>Another possible suitor<\/h3>\n<p>There is one other possible wild card though<strong>: <\/strong>Business software company Oracle.<strong> <\/strong><br \/>\n&#8220;Oracle doesn&#8217;t have anything like this in their portfolio and they have been serial acquirers over the years,&#8221; Romanoff said. But he still thinks an <span>Oracle<\/span> <span>(<span>ORCL<\/span>)<\/span> deal for Zoom is highly unlikely because he&#8217;s &#8220;not sure that their balance sheet would allow them to do such a deal or that they are in the market at all.&#8221;<br \/>\n<img decoding=\"async\" alt=\"Two years later, remote work has changed millions of careers\" class=\"media__image\" src=\"\/\/cdn.cnn.com\/cnnnext\/dam\/assets\/220316194116-restricted-ryan-bernsten-rashmi-bhankhede-carlos-ortiz-split-large-169.jpg\"><br \/>\nRomanoff added that if any tech company wanted to make a bigger bet on video, a cheaper way to do so would be with communications software firm <span>RingCentral<\/span> <span>(<span>RNG<\/span>)<\/span>, which has a market value of just a little more than $4 billion.<br \/>\nZoom could also look to go back out and make a deal of its own if market conditions improve. That could help the company diversify. <\/p>\n<ul><\/ul>\n<p>&#8220;I am in the camp that Zoom is more likely to be an acquirer than an acquiree at this point,&#8221; said James Fish, an analyst with Piper Sandler.<br \/>\nZoom had actually hoped to make a big purchase recently when it agreed to buy cloud call contact software firm <span>Five9<\/span> <span>(<span>FIVN<\/span>)<\/span> in July 2021. But Zoom called off the deal just two months later, and CEO Yuan said that &#8220;financial discipline is foundational to our strategy.&#8221;<br \/>\nSource: <a href=\"https:\/\/edition.cnn.com\/2022\/09\/01\/investing\/zoom-takeover\/index.html\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York (CNN Business)The work-from-home boom may<\/p>\n","protected":false},"author":3,"featured_media":163065,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23054],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Here&#039;s why a growing number of Americans are moving to Mexico - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/markets\/heres-why-a-growing-number-of-americans-are-moving-to-mexico\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Here&#039;s why a growing number of Americans are moving to Mexico - 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