Fact 1: The Global Pandemic Skyrocketed Its Value
Zoom Video Communications saw a phenomenal rise in their net worth during the global pandemic of Covid-19. As individuals and businesses around the world switched to digital platforms for communication and meetings, Zoom emerged as a primary choice. By the end of 2020, Zoom's net worth had exceeded $100 billion.
Fact 2: 'Zoom' Was Inspired by a Children's Book
The founder and CEO of Zoom Video Communications, Eric Yuan, revealed that the name 'Zoom' came after he read a children's book titled 'Zoom City' to his children. The idea to use it came from the children's fascination with the concept of the book.
Fact 3: 300 Million Is Not Too Small a Number
Zoom surpassed 300 million daily meeting participants in 2020. This popularity surge during the pandemic shows the reliability and quality of the services it provides to businesses, schools, organizations, and individual users globally.
Fact 4: It Took Less Than 10 Years for Zoom to Break Even
Despite entering an already crowded marketplace when it was launched in 2011, Zoom broke even and started turning a profit less than 10 years later in 2019. This incredible accomplishment showed the world just how dynamic and popular this platform had become.
Fact 5: Zoom was Not Built Overnight
The platform we see today underwent about two years of intense development before the first beta version was released. Eric Yuan and his team devoted themselves to creating a seamless video communication tool – and succeeded!
Fact 6: Early Investors Reaped Rich Rewards
Those who believed in the vision of Eric Yuan and invested early in Zoom reaped rich rewards. For example, Emergence Capital, an early investor in Zoom, saw a 17-fold return on their initial investment when the company went public.
Fact 7: It is One of the Most Downloaded Applications in Apple Store
Zip and zoom to the Apple Store and you’ll find Zoom as one of the most downloaded applications. It even outperforms other popular social media platforms such as Instagram and TikTok.
Fact 8: Zoom Offers Educational Institutions Free Access
In the wake of COVID-19, Zoom extended its arm to students pivoting to digital learning by providing free access to educational institutions. A remarkable initiative that facilitated remote learning during the pandemic.
Fact 9: A Platform for the Fortune 500
An awe-striking 98% of Fortune 500 companies actively use Zoom Video Solution for their business communications, which is testament to its quality and service.
Fact 10: Zoom Is Customizable
Did you know you could have a customized Zoom background? This feature allows users to customize their virtual backgrounds, adding a fun twist to regular video calls.
Fact 11: It Is Not Just for Meetings
From fitness sessions, concerts to virtual court hearings and even weddings, Zoom covers it all. Its versatile platform caters to different aspects of personal and social life.
Fact 12: The CEO is a Billionaire
Zoom’s CEO Eric Yuan became a billionaire after the company’s share prices soared due to the increase in users during the pandemic. Quite a zooming success!
Fact 13: It Has Zoom Rooms
Zoom isn’t just online – they offer a software-based conference-room solution known as Zoom Rooms. They equip rooms with multiple screens and cameras for a truly immersive teleconferencing experience.
Fact 14: Connectivity of Zoom across Countries
Zoom isn't just a US phenomenon. It has data centers in 13 locations around the world, including the United States, Europe, Asia, and Australia.
Fact 15: Zoom’s IPO was a Massive Success
When Zoom went public in 2019, it was one of the most successful tech IPOs of the year. The company opened trading at $65 per share, 80% more than its initial public offering price.
Fact 16: Debugging with Zoom Is Easy
Zoom includes a 'Report a problem' feature that detects bugs or glitches during your meetings and shares them with Zoom for quick resolution.
Fact 17: You Can Record Meetings on Zoom
Zoom comes with a handy feature that lets you record your meetings. The recorded meetings can then easily be shared or archived for future reference.
Fact 18: Founder Eric Yuan was a Vice President at WebEx
Before founding Zoom, Eric Yuan was a vice president at WebEx, a web conferencing and videoconferencing company. He brought his wealth of knowledge to Zoom, making it a leading platform in the market.
Fact 19: The Company Highly Prioritizes User Satisfaction
Zoom stresses customer happiness. They have a team called the "Happiness Crew," which is dedicated to ensuring customer satisfaction at all stages.
Fact 20: Zoom Uses Cloud Computing Technology
Zoom fully harnesses the power of cloud computing technology. By using Cloud technology, Zoom can deliver high-quality video and audio which is crucial in maintaining its market dominance.