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Thank you. McMillan Online Community. From Wondery, I'm David Brown, and this is Business Wars Daily on this Monday, May 18th.

I'm going to take a little risk here and state the obvious. Competition breeds innovation. Yeah, we've all heard it before. And longtime listeners to this show and to Business Wars, my other one, have watched countless examples of this principle unfolding over time. But how often do you really get to see it happening overnight? Well, here you go. Last Thursday,

Facebook announced that Messenger Rooms, its new answer to Zoom, is now live globally. Zoom, of course,

has become so popular that its name has become synonymous with video conference, as in,

let's do a Zoom call at 4. As early as March, the New York Times proclaimed in a

headline, we are all Zoomers now. From 10 million users prior to COVID-19, Zoom says it now has more than

300 million users. Zoom shares more than tripled this year, according to the Wall Street Journal.

Yes, Zoom has had its share of very public problems as well,

but we'll get to that later. Zoom's success caught the eye of some of Silicon Valley's heavyweights,

...