Zoom went public in April 2019 alongside other big-name tech unicorns including Pinterest ( PINS), Lyft ( LYFT), and Uber ( UBER). See also: 3 reasons Tesla isn’t our Company of the Year From enterprise to the home It’s for all of those reasons that Zoom is Yahoo Finance’s 2020 Company of the Year. Zoom’s stock price has skyrocketed in the last 12 months, jumping an incredible 475% from $71.90 in January to $410.01 as of the close of markets on Dec. In its most recent quarter, Zoom saw year-over-year revenue growth of 367%, with the number of customers who spent more than $100,000 in the trailing 12 months growing 136% year-over-year.Īnd investors have been watching. Still, Zoom has become the app used by everyone from the Federal Reserve to everyday Americans trying to keep their social lives afloat. The FBI even issued a warning about teleconferencing “hijacking” amid COVID-19 that specifically referred to Zoom. In March, Zoom came under fire for so-called Zoom-bombings, where uninvited users “bomb” meetings to annoy or harass invited meeting members. The videoconferencing company is headquartered in San Jose, Calif. Zoom CEO Eric Yuan, center, celebrates the opening bell at Nasdaq as his company holds its IPO, Thursday, April 18, 2019, in New York.
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