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2014 logo. A beta version of Zoom that could host conferences with only up to 15 video participants was launched on August 21, 2012. [7] On January 25, 2013, version 1.0 of the program was released with an increase in the number of participants per conference to 25. [8]
Former logo (2014-2022) Zoom was founded by Eric Yuan, a former corporate vice president for Cisco Webex. [6] He left Cisco in April 2011 with 40 engineers to start a new company, [2] originally named Saasbee, Inc. [7] The company had trouble finding investors because many people thought the videotelephony market was already saturated. [7]
When the idea was rejected, Yuan left Cisco to establish his own company, Zoom Communications. [10] In 2019, Zoom became a public company via an initial public offering, [21] at which time Yuan became a billionaire. [9] [2] His wealth has increased during COVID-19 pandemic, as Zoom benefited from the shift to online work and teaching. [22]
Zoom Video's (ZM) efforts to eliminate security loopholes and the launch of Zoom From Home solutions are likely to boost clientele, despite expected decline in revenues as COVID-19 vaccine arrives.
On TipRanks, Zoom has a Hold average analyst consensus rating based on 6 Buys, 11 Holds, and 2 Sells. The stock has an average analyst price target of $410.69, reflecting approximately 24% upside ...
While COVID-19 wreaked havoc on a range of U.S. industries including restaurants, airlines, hotels, and brick-and-mortar retail, the pandemic drove record revenue for certain companies and, in ...
A Zoom town is a community that experiences a significant population increase as due to an influx of remote workers. The term became popular during the COVID-19 pandemic . [ 1 ] The population growth of Zoom towns has had significant economic implications.
In response, Zoom, citing the sudden influx of new users due to the COVID-19 pandemic, took measures to increase security of its teleconferencing application. Incidents of Zoombombing have prompted law enforcement officers in various countries to investigate such cases and file criminal charges against those responsible.