who owns zoom stock

Full Answer

Who is Zoom owned by?

Zoom was founded by Eric Yuan, a Chinese-American billionaire businessman. He is also the CEO of the company and owns 22% of Zoom Video Communications. It is an American company that was founded and headquartered in California. Also, it is incorporated in Delaware.

Is Zoom owned by Google?

• Type of business: smart-home products
• Acquisition price: $3.2 billion
• Acquisition date: February 7, 2014 8 

Is Zoom owned by Chinese?

Nancy Pelosi called Zoom ‘a Chinese entity,’ but it’s an American company with an American CEO

• U.S. ...
• Zoom has surged in popularity in recent months as people have sought to work and take classes from home to avoid further spread of coronavirus.
• Some Zoom meetings might have drawn on data center infrastructure located in China as a result of a mistake, the company said on April 3.

Who started zoom company?

Zoom was founded by Eric Yuan, a former corporate vice president for Cisco Webex. He left Cisco in April 2011 with 40 engineers to start a new company, originally named Saasbee, Inc. The company had trouble finding investors because many people thought the videotelephony market was already saturated.

Who else owns Zoom?

Real Time Net Worth Eric Yuan is the founder of Zoom, a video communications tool that went public in April 2019; Zoom usage surged during the coronavirus pandemic. He was previously a manager of WebEx at Cisco, which acquired the video conferencing company in 2007.

Can you buy Zoom stock?

To buy Zoom stock, you're going to need a brokerage account.

Is Zoom part of Nasdaq?

Class A Common Stock (ZM) Stock Price, Quote, News & History | Nasdaq....Key Data.LabelValueExchangeNASDAQ-GSSectorTechnologyIndustryComputer Software: Prepackaged Software1 Year Target$134.0014 more rows

Is Zoom Technologies a buy?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Zoom Technologies in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Zoom Technologies stock.

Is Zoom owned by Microsoft?

Yet not so long ago, another product's name stood for videoconferencing: Skype. Although Skype, launched in 2003, has been available nine years longer than Zoom and is owned by tech titan Microsoft Corp., Zoom has effectively left it in its dust.

Is Skype better than Zoom?

Zoom offers far more robust business features than Skype and is the hands-down winner in the Zoom vs. Skype showdown. With Zoom, you can hold meetings with up to 1,000 people, while Skype limits you to 100 participants.

Will Zoom bounce back?

Based on Wall Street's forward-year consensus, Zoom is valued at a multiple of 11 times sales and roughly 40 times earnings per share. That's considerably more attractive than where it was two years ago, and all the more reason to believe Zoom bounces back in 2022.

Is Zoom a buy hold or sell?

Zoom Video Communications has received a consensus rating of Hold. The company's average rating score is 2.48, and is based on 13 buy ratings, 14 hold ratings, and no sell ratings.

How do Zoom make money?

Zoom makes money via subscription fees, hardware sales, advertising, as well as by investing into other startups. It operates on a freemium business model. Founded in 2011 by a former Cisco executive, Zoom became an instant success due to its product's superiority.

Is Zoom a takeover target?

Spelling out his neutral hypothesis on the stock is Ryan Koontz of Needham & Co., who explained that Zoom's revenue growth has been slowing, following its huge enterprise takeover during the earlier stages of the pandemic.

Is Zoom stock good long term?

Bottom line is good. It's doing great in terms of cash and revenue is at 55 percent year-over-year for the full-year 2022.

What is Zoom's target price?

Stock Price TargetHigh$401.00Low$90.00Average$135.11Current Price$109.42

Who are the shareholders of Zoom?

Zoom’s main private shareholders comprise Eric S. Yuan, a Chinese-American billionaire businessman that founded Zoom. Dan Scheinman, board member and angel investor in Zoom since the start, and Santiago Subotovsky, also an early investor in Zoom.

Who owns Zoom Video?

Founding story. Eric S. Yuan, founded Zoom Video Communications, back in 2011. As he had been working for a videoconferencing company, called WebEx, as the company got acquired by Cisco, he became Vice President of engineering.

What is the purpose of Zoom?

Zoom set of products that make ut its ecosystem (Source: Zoom Proxy) Zoom set of products that make ut its ecosystem (Source: Zoom Financials) Zoom is a video communication platform, which mission is to “make video communications frictionless.”.

What are the two types of shares in Zoom?

Zoom ownership is divided in two types of shares: A and B.

Who is the CEO of Zoom?

Zoom CEO Eric Yuan. AP Photo/Mark Lennihan. Yuan was highly involved in his oldest son's basketball career, the younger Yuan's former coach told CNBC in 2019. "Out of a team of 15 kids, Eric was the most involved parent from day one," Gabe Fodor told CNBC .

How much is Zoom worth?

Zoom's share price rose 72% on its first day of trading alone, Forbes reported. The company is now worth $35 billion, The Financial Times reported. Zoom has over 30,000 corporate clients including Samsung, Uber, Walmart, and Capital One, according to Forbes.

Why does Yuan use Zoom?

Yuan now uses Zoom for almost all his meetings and tries to limit business trips to two a year in order to spend more time with his family, according to The Financial Times. He is also conscious of airplane travel's impact on climate change, The Telegraph reported.

What is the phenomenon called when people hijack a Zoom meeting?

Public Zoom calls have dealt with trolls joining and sharing graphic images, and online classes have faced people hijacking a meeting, in a phenomenon called "Zoom bombing." Zoom introduced a feature that allows meeting hosts to screen people before allowing them to enter the meeting to cut back on the disruptions, Business Insider reported.

How many trips did Yuan take before Zoom?

Yuan took only eight work trips in the five years before Zoom's IPO in 2019, according to Forbes.

What was Yuan's hobby before Zoom?

Playing pick-up soccer was one of Yuan's only hobbies during that time, according to Forbes. Before founding Zoom, Yuan was a vice president at telecommunications equipment company Cisco Systems. Yuan worked for another videoconferencing company called WebEx that was acquired by Cisco in 2007.

Does Zoom use encryption?

Reports have also surfaced that Zoom didn't use end-to-end encryption for its video meetings and had leaked thousands of users' email addresses to strangers.

What company did Zoom acquire in 2021?

In June 2021, Zoom acquired Kites (Karlsruhe Information Technology Solutions), an AI based language translation company with an aim to reduce language barriers in video calls. In September 2021, Zoom's attempt to acquire contact center company Five9 for $14.7 billion was turned down by Five9's shareholders.

When did Zoom become profitable?

The company first became profitable in 2019, and completed an initial public offering that year. The company joined the NASDAQ-100 stock index on April 30, 2020. Beginning in early 2020, Zoom's software usage saw a significant global increase after quarantine measures were adopted in response to the COVID-19 pandemic.

Why did Zoom stop conferencing?

In justifying its decision, Zoom cited the PFLP's designation as a terrorist organization by the United States Government and its efforts to comply with U. S. export control, sanctions, and anti-terrorism laws. Facebook and YouTube also joined Zoom in denying their platforms to the conference organizers. Professor Rabab Ibrahim Abdulhadi, one of the conference organizers, criticized Zoom, Google's YouTube and Facebook for censoring Palestinian voices.

How much is Zoom stock worth in 2020?

This led to an increase in the company's stock price in early 2020, despite a general stock market downturn. Zoom stock went from less than $70 per share in January 2020 to $150 per share by the end of March. By June 2020, the company was valued at over $67 billion.

What is Zoom video?

Zoom Video Communications, Inc. (stylized as zoom or simply Zoom) is an American communications technology company headquartered in San Jose, California. It provides videotelephony and online chat services through a cloud-based peer-to-peer software platform and is used for teleconferencing, telecommuting, distance education, and social relations.

Why is Zoom criticized?

Zoom has been criticized for "security lapses and poor design choices" that have resulted in heightened scrutiny of its software. The company has also been criticized for its privacy and corporate data sharing policies. Security researchers and reporters have criticized the company for its lack of transparency and poor encryption practices. Zoom initially claimed to use " end-to-end encryption " in its marketing materials, but later clarified it meant "from Zoom end point to Zoom end point" (meaning effectively between Zoom servers and Zoom clients), which The Intercept described as misleading and "dishonest".

How much did Dropbox invest in Zoom?

Prior to the IPO, Dropbox invested $5 million in Zoom. During the COVID-19 pandemic, Zoom saw a major increase in usage for remote work, distance education, and online social relations. Thousands of educational institutions switched to online classes using Zoom. This was also used during the pandemic in 2020 and 2021.

Topline

Despite booming earnings that beat Wall Street's expectations, shares of Zoom are tanking on Tuesday after a quarterly report revealed that the firm's explosive pandemic growth could be reaching its upper limit, and the fortune of the firm's billionaire founder and CEO, Eric Yuan, has plunged in tandem.

Key Facts

As of 1:00 p.m. EST, shares of Zoom have plummeted 14% on Tuesday, tanking Eric Yuan's fortune by $2.8 billion as a result.

Crucial Quote

"Much as it did for the last two quarters, no-moat Zoom continues to deliver significant upside compared with consensus expectations while delivering upside to guidance that somehow still seems conservative to us," Morningstar analyst Dan Romanoff wrote in a note on Tuesday.

Key Background

Chinese-born Yuan founded Zoom in 2011 after more than a decade of experience in Silicon Valley working at video-conferencing firm WebEx and Cisco (after its WebEx acquisition in 2007). Now 50, Yuan took Santa Clara, Calif.-based Zoom public in April 2019 at an offering price of $36 per share.

Surprising Fact

Zoom shares peaked at a price of about $568 on October 19, boosting Yuan's fortune to an estimated $25.1 billion. The high-flying video-conferencing firm was at one point worth more than oil giant ExxonMobil, but shares have plunged nearly 30% from their high.

Further Reading

Zoom Is Now Worth More Than ExxonMobil—And Founder Eric Yuan’s Net Worth Has Nearly Doubled In Three Months (Forbes)