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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]
Following coronavirus-related lockdowns, Zoom became the most-downloaded app in the Apple App Store, CNN reported. The coronavirus pandemic has changed the way we work, learn and socialize — and ...
The coronavirus pandemic has changed the way we work, learn and socialize — and Zoom has helped keep us connected through these changes. The video-conferencing platform has been utilized to host...
For the quarter ended on July 31st, Zoom reported revenue rose 2% to $1.162 billion, with sales growth slowing down for the te Zoom Proves It Is More Than A Pandemic-Only Wonder An Impressive ...
Zoom also offers a transcription service using Otter.ai software that allows businesses to store transcriptions of the Zoom meetings online and search them, including separating and labeling different speakers. [32] In July 2020, Zoom Rooms and Zoom Phone became available as hardware as a service products. [33]
Yahoo Finance's Andy Serwer spoke with Zoom CEO Eric Yuan about the company's enormous growth amid the coronavirus pandemic, competition, and privacy laws.
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 ...