--- description: The surge of Zoom Technologies comes as investors mistaking bet on the now-defunct company rather than $ZM, the video-conferencing platform. title: $ZOOM Shares Double Amid Coronavirus Concerns. But Investors Mistakenly Bet on the Wrong Company image: https://static.time.com/v3/assets/bltea6093859af6183b/blt9b7f68a5504eeb22/698a0aca8fd2ee3b00360f42/zoom-zm-stocks-coronavirus.jpg?branch=production&width=3840&quality=75&auto=webp&crop=16:9 ---  * [Business](/section/business/) ## Business Update your preferences in [Account Settings](/account/preferences/) Close * [COVID-19](/tag/covid-19/) ## COVID-19 Update your preferences in [Account Settings](/account/preferences/) Close # $ZOOM Shares Double Amid Coronavirus Concerns. But Investors Mistakenly Bet on the Wrong Company by [Nathan Crooks / Bloomberg](/author/bloomberg/) ## Nathan Crooks / Bloomberg Update your preferences in [Account Settings](/account/preferences/) Close Feb 28, 2020 3:28 PM CUT  Financial data analysis graph showing stock market trends on a trading board. Horizontal composition with copy space and selective focus. Financial data analysis graph showing stock market trends on a trading board. Horizontal composition with copy space and selective focus.MicroStockHub—Getty Images by [Nathan Crooks / Bloomberg](/author/bloomberg/) ## Nathan Crooks / Bloomberg Update your preferences in [Account Settings](/account/preferences/) Close Feb 28, 2020 3:28 PM CUT Shares of Zoom Technologies Inc., a Beijing-based maker of mobile phone components with a market value of just $18 million, have more than doubled this week as investors bet on companies that could benefit if coronavirus fears push people to stay at home. _Sign up for our daily coronavirus newsletter by clicking_ [_on this link_](https://cloud.newsletters.time.com/coronavirus?source=article "undefined")_, and please send any tips, leads, and stories to_ [_virus@time.com_](mailto:virus@time.com "undefined")_._ There’s just one problem — its ticker is ZOOM, but investors may be thinking of California-based Zoom Video Communications, known for its online video-conferencing platform that could help people work and study from home. That company’s ticker is ZM, and its shares have risen about 11% this week amid widespread market turmoil. It’s not the first time the wrong Zoom has surged, with Zoom Technologies shares soaring after Zoom Video’s IPO last year. > [](https://twitter.com/nktpnd/status/1233072655072419840) ```json [{"@context":"https://schema.org","@type":"NewsArticle","@id":"https://time.com/5792310/zoom-zm-stocks-coronavirus/","mainEntityOfPage":{"@type":"WebPage","@id":"https://time.com/5792310/zoom-zm-stocks-coronavirus/"},"headline":"$ZOOM Shares Double Amid Coronavirus Concerns. But Investors Mistakenly Bet on the Wrong Company","datePublished":"2020-02-28T15:28:06.000Z","dateModified":"2026-02-24T08:19:42.290Z","description":"And it’s not the first time the wrong Zoom has surged","url":"https://time.com/5792310/zoom-zm-stocks-coronavirus/","keywords":["COVID-19","stocks","Companies","Bloomberg","onetime"],"thumbnailUrl":"https://static.time.com/v3/assets/bltea6093859af6183b/blt9b7f68a5504eeb22/698a0aca8fd2ee3b00360f42/zoom-zm-stocks-coronavirus.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","author":[{"@type":"Person","name":"Nathan Crooks / Bloomberg"}],"articleSection":"Business","image":[{"@type":"ImageObject","url":"https://static.time.com/v3/assets/bltea6093859af6183b/blt9b7f68a5504eeb22/698a0aca8fd2ee3b00360f42/zoom-zm-stocks-coronavirus.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","width":1200,"height":675,"headline":"Financial and Technical Data Analysis Graph Showing Stock Market Trends","caption":"Financial and Technical Data Analysis Graph Showing Stock Market Trends","creditText":"MicroStockHub—Getty Images","representativeOfPage":true}],"publisher":{"@type":"Organization","name":"Time","url":"https://time.com/","logo":{"@type":"ImageObject","url":"https://time.com/images/logo.png","width":528,"height":156},"foundingDate":"March 3, 1923","sameAs":["https://www.facebook.com/time","https://www.instagram.com/time/?hl=en","https://twitter.com/time","https://www.pinterest.com/timemagazine"]}},{"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"item":{"@id":"/section/business/","name":"Business"}},{"@type":"ListItem","position":2,"item":{"@id":"/tag/covid-19/","name":"COVID-19"}},{"@type":"ListItem","position":3,"item":{"@id":"https://time.com/5792310/zoom-zm-stocks-coronavirus/","name":"$ZOOM Shares Double Amid Coronavirus Concerns. But Investors Mistakenly Bet on the Wrong Company"}}]}] ```