“Zoom Video Communications
Amid the publication of quarterly reports of the video conferencing service Zoom, the company’s shares have significantly increased in price – in just a few hours its founder and director Eric Yuan became richer by $ 4.2 billion. This was reported by Bloomberg.
The richest people in the world became rich by $ 255 billion during the pandemic Facebook founder Mark Zuckerberg earned the most during this period.
“Zoom Video Communications reported the second-largest spike in sales among 100 companies on the Nasdaq last quarter,” the publication said.
During the reporting period, the company’s revenue grew more than four times, which exceeded the forecasts of many analysts. And its shares during extended trading on Monday rose by more than 24%. If the trend continues, the Yuan’s fortune will surpass $ 20 billion very soon.
Journalists point out that Zoom has become one of the main “beneficiaries” of the coronavirus pandemic, as many people have been forced to stay at home but work remotely. Now Zoom has more than 370 thousand client companies, which is five times more than a year earlier. At the same time, 988 of them spend more than 100 thousand dollars a month on communication.