It’s free to use through the app or by logging onto the Zoom website. Zoom is currently one of the most popular video conferencing programs available to place phone calls or host video meetings online. With many people working from home and social distancing from their loved ones, Zoom helped fill the much-needed gap.Īre you looking to expand your stock portfolio and are wondering if Zoom stock might be a wise option? Here are some facts about Zoom that you’ll want to know before investing. Because it provides people in various locations with a method to connect through a video and voice chat, it’s used by businesses and individuals alike. This cloud-based video conferencing service has become incredibly popular over the last couple of years. And the coronavirus might have changed the corporate travel environment for good, with the help of Zoom and others.Before the pandemic, there’s a good chance that you didn’t know what Zoom was or that it even existed. Plus, Zoom enables businesses to cut back on travel, which was a pitch it made long before it went public.
Many people in professional services jobs and other high-paying fields, with more leverage and the ability to change jobs more easily, found remote work life beneficial. Despite the slow return to officeshampered by the delta varianthybrid environments where people come in two to three days a week could possibly become the new normal for countless companies. Zoom remains essential to many businesses and other entities even as friends and family video chats have slowed down. The companys sales skyrocketed 326% last year to $2.7 billion, driven by thousands of new paying clients. Zooms software then took off during the pandemic, as businesses and countless others raced to its video communication solutions. ZMs revenue surged 88% during its first-year public after its April 2019 debut.
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