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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]
Eric Yuan started Zoom in 2011 after helping build WebEx. His company is now worth $15.9 billion after its IPO, and Yuan owns about 20%.
Zoom admitted that some calls in early April 2020 and prior were mistakenly routed through servers in mainland China, prompting some governments and businesses to cease their usage of Zoom. [165] The company later announced that data of free users outside of China would "never be routed through China" and that paid subscribers will be able to ...
Zoom Technologies Inc. (NASDAQ: ZM) on Thursday admitted it had removed two activist accounts in the United States and one in Hong Kong upon a request from the Government of China.Chinese ...
Zoom is rebranding, dropping the “Video” from its name and instead pitching itself as an AI company. The video chat company was one of the biggest winners from the pandemic and the move to ...
Zoom Corporation was founded in Tokyo in 1983 and in 2004, established ZOOM HK LTD as a logistics base in Hong Kong. In 2009, it set up ZOOM Dongguan Corporation (China) as a quality control operation; [3] 2013, formed ZOOM North America, LLC (US) as a distribution base; 2017, listed on Tokyo Stock Exchange JASDAQ (Standard); [4] [5] In 2018, acquired shares of Mogar Music S.p.A. (Italy ...
U.S. prosecutors on Friday charged a China-based executive at Zoom Video Communications Inc with involvement in a scheme to disrupt video meetings commemorating the 31st anniversary of the ...