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| Meta Title | What to know about Zoom, the video conferencing app | Fox Business |
| Meta Description | Hereâs what you need to know about Zoom, from how much it costs to how many people use it. |
| Meta Canonical | null |
| Boilerpipe Text | Get all the latest news on coronavirus and more delivered daily to your inbox.
Sign up here
.
After the
coronavirus
pandemic hit, cities and states started implementing
stay-at-home
orders and social distancing practices -- which led to an increase in
online communication
.
Not surprisingly, people turned to
Zoom
for work meetings,
distance learning
and personal calls to catch up with friends and loved ones.
However, the spike in users also showed the weaknesses in the platform, particularly with âZoombombing,â when a hacker hijacks a video call.
ZOOM CEOâS CORONAVIRUS QUARANTINE ROUTINE INCLUDES MEDITATION, NONSTOP MEETINGS
The company has faced scrutiny from
state
and
federal lawmakers
, saying Zoom should have anticipated those security threats.
In response, Zoom created a 90-day plan to strengthen its privacy, which included the
acquisition of encryption startup Keybase
on Thursday.
Hereâs what else you need to know about Zoom.
What is Zoom?
Zoom is a video-conferencing
app
that allows people to collaborate across devices with audio and video.
The company was founded in 2011 by
Eric Yuan
and launched its
IPO
in April 2019 at
$36 per share
.
ZOOM ACQUIRES ENCRYPTION STARTUP IN CORONAVIRUS SECURITY PUSH
Yuan was inspired to create Zoom because he hated traveling, he told
Thrive Global
in 2017.
âI first envisioned Zoom when I was a freshman in college in China and regularly took a 10-hour train ride to visit my girlfriend (who is now my wife),â he told the technology company. âI detested those rides and used to imagine other ways I could visit my girlfriend without traveling â those daydreams eventually became the basis for Zoom.â
Yuan is still the
CEO
of the San Jose, California-based company, which has 1,300
employees
, according to
Forbes
.
How many people use Zoom?
Last week, Zoom announced it had
reached 300 million active daily participants
during the coronavirus -- up from 10 million daily participants a few months prior.
However, the announcement was a correction. Zoom had previously said it reached 300 million active daily users but corrected the âgenuine oversightâ a week later.
"We are humbled and proud to help over 300 million daily meeting participants stay connected during this pandemic,â the company said in a statement. âWe want to be clear: this was first announced in our April 22 webinar as 300 million daily participants by our CEO Eric Yuan.â
GET FOX BUSINESS ON THE GO BY CLICKING HERE
How much does Zoom cost?
Zoom has several plans that users can purchase, but there is also a free basic version that limits calls to 40 minutes.
For longer calls and other improved features, plans cost $15 a month per host or $20 a month per host, according to the
website
.
How much money does Zoom make?
According to a report from
Forbes
last year, Zoom had annual revenue of $331 million. In March,
The Financial Times
reported that the company was valued at $35 billion.
Ticker
Security
Last
Change
Change %
ZM
ZOOM COMMUNICATIONS INC.
75.99
+1.03
+1.37%
Powered By
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**Published**
May 7, 2020 6:52pm EDT
# What to know about Zoom, the video conferencing app
## Zoom has a basic free version but also has improved versions for up to \$20 a month per host
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By Ann Schmidt [FOXBusiness](https://www.foxbusiness.com/)
[ Video](http://video.foxbusiness.com/v/6152886411001)
**Get all the latest news on coronavirus and more delivered daily to your inbox. [Sign up here](https://www.foxnews.com/newsletters/coronavirus).**
After the [coronavirus](https://www.foxbusiness.com/category/coronavirus) pandemic hit, cities and states started implementing [stay-at-home](https://www.foxbusiness.com/category/lifestyle) orders and social distancing practices -- which led to an increase in [online communication](https://www.foxbusiness.com/category/digital).
Not surprisingly, people turned to [Zoom](https://www.foxbusiness.com/category/tech) for work meetings, [distance learning](https://www.foxbusiness.com/lifestyle/teachers-surviving-coronavirus-distance-learning) and personal calls to catch up with friends and loved ones.
However, the spike in users also showed the weaknesses in the platform, particularly with âZoombombing,â when a hacker hijacks a video call.
**[ZOOM CEOâS CORONAVIRUS QUARANTINE ROUTINE INCLUDES MEDITATION, NONSTOP MEETINGS](https://www.foxbusiness.com/business-leaders/zoom-ceo-eric-yuan-quarantine-routine-coronavirus)**
The company has faced scrutiny from [state](https://www.foxbusiness.com/technology/zooms-privacy-concerns-amid-coronavirus-boom-prompts-us-ags-to-ask-questions) and [federal lawmakers](https://www.businessinsider.com/senate-warns-against-zoom-2020-4), saying Zoom should have anticipated those security threats.
In response, Zoom created a 90-day plan to strengthen its privacy, which included the [acquisition of encryption startup Keybase](https://www.foxbusiness.com/technology/zoom-acquires-keybase-security) on Thursday.
Hereâs what else you need to know about Zoom.
### **What is Zoom?**
Zoom is a video-conferencing [app](https://www.foxbusiness.com/category/apps) that allows people to collaborate across devices with audio and video.
The company was founded in 2011 by [Eric Yuan](https://www.foxbusiness.com/business-leaders/zoom-ceo-eric-yuan-quarantine-routine-coronavirus) and launched its [IPO](https://www.foxbusiness.com/category/stocks) in April 2019 at [\$36 per share](https://www.foxbusiness.com/category/money).
**[ZOOM ACQUIRES ENCRYPTION STARTUP IN CORONAVIRUS SECURITY PUSH](https://www.foxbusiness.com/technology/zoom-acquires-keybase-security)**
Yuan was inspired to create Zoom because he hated traveling, he told [Thrive Global](https://medium.com/thrive-global/the-inspiring-backstory-of-eric-s-yuan-founder-and-ceo-of-zoom-98b7fab8cacc) in 2017.
âI first envisioned Zoom when I was a freshman in college in China and regularly took a 10-hour train ride to visit my girlfriend (who is now my wife),â he told the technology company. âI detested those rides and used to imagine other ways I could visit my girlfriend without traveling â those daydreams eventually became the basis for Zoom.â
Yuan is still the [CEO](https://www.foxbusiness.com/category/business-leaders) of the San Jose, California-based company, which has 1,300 [employees](https://www.foxbusiness.com/category/jobs), according to [Forbes](https://www.forbes.com/companies/zoom-video-communications/#22c254be483c).
### **How many people use Zoom?**
Last week, Zoom announced it had [reached 300 million active daily participants](https://www.foxbusiness.com/technology/zoom-300-million-participants-coronavirus-security) during the coronavirus -- up from 10 million daily participants a few months prior.
[ Video](http://video.foxbusiness.com/v/6147467168001)
However, the announcement was a correction. Zoom had previously said it reached 300 million active daily users but corrected the âgenuine oversightâ a week later.
"We are humbled and proud to help over 300 million daily meeting participants stay connected during this pandemic,â the company said in a statement. âWe want to be clear: this was first announced in our April 22 webinar as 300 million daily participants by our CEO Eric Yuan.â
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### **How much does Zoom cost?**
Zoom has several plans that users can purchase, but there is also a free basic version that limits calls to 40 minutes.
For longer calls and other improved features, plans cost \$15 a month per host or \$20 a month per host, according to the [website](https://zoom.us/pricing).
### **How much money does Zoom make?**
According to a report from [Forbes](https://www.forbes.com/sites/alexkonrad/2019/04/19/zoom-zoom-zoom-the-exclusive-inside-story-of-the-new-billionaire-behind-techs-hottest-ipo/#65624c6c4af1) last year, Zoom had annual revenue of \$331 million. In March, [The Financial Times](https://www.ft.com/content/b1f04fce-5fc6-11ea-b0ab-339c2307bcd4) reported that the company was valued at \$35 billion.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| [ZM](https://www.foxbusiness.com/quote?stockTicker=ZM) | ZOOM COMMUNICATIONS INC. | 75\.99 | \+1.03 | \+1.37% |
| Powered By | | | | |
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| Readable Markdown | **Get all the latest news on coronavirus and more delivered daily to your inbox. [Sign up here](https://www.foxnews.com/newsletters/coronavirus).**
After the [coronavirus](https://www.foxbusiness.com/category/coronavirus) pandemic hit, cities and states started implementing [stay-at-home](https://www.foxbusiness.com/category/lifestyle) orders and social distancing practices -- which led to an increase in [online communication](https://www.foxbusiness.com/category/digital).
Not surprisingly, people turned to [Zoom](https://www.foxbusiness.com/category/tech) for work meetings, [distance learning](https://www.foxbusiness.com/lifestyle/teachers-surviving-coronavirus-distance-learning) and personal calls to catch up with friends and loved ones.
However, the spike in users also showed the weaknesses in the platform, particularly with âZoombombing,â when a hacker hijacks a video call.
**[ZOOM CEOâS CORONAVIRUS QUARANTINE ROUTINE INCLUDES MEDITATION, NONSTOP MEETINGS](https://www.foxbusiness.com/business-leaders/zoom-ceo-eric-yuan-quarantine-routine-coronavirus)**
The company has faced scrutiny from [state](https://www.foxbusiness.com/technology/zooms-privacy-concerns-amid-coronavirus-boom-prompts-us-ags-to-ask-questions) and [federal lawmakers](https://www.businessinsider.com/senate-warns-against-zoom-2020-4), saying Zoom should have anticipated those security threats.
In response, Zoom created a 90-day plan to strengthen its privacy, which included the [acquisition of encryption startup Keybase](https://www.foxbusiness.com/technology/zoom-acquires-keybase-security) on Thursday.
Hereâs what else you need to know about Zoom.
### **What is Zoom?**
Zoom is a video-conferencing [app](https://www.foxbusiness.com/category/apps) that allows people to collaborate across devices with audio and video.
The company was founded in 2011 by [Eric Yuan](https://www.foxbusiness.com/business-leaders/zoom-ceo-eric-yuan-quarantine-routine-coronavirus) and launched its [IPO](https://www.foxbusiness.com/category/stocks) in April 2019 at [\$36 per share](https://www.foxbusiness.com/category/money).
**[ZOOM ACQUIRES ENCRYPTION STARTUP IN CORONAVIRUS SECURITY PUSH](https://www.foxbusiness.com/technology/zoom-acquires-keybase-security)**
Yuan was inspired to create Zoom because he hated traveling, he told [Thrive Global](https://medium.com/thrive-global/the-inspiring-backstory-of-eric-s-yuan-founder-and-ceo-of-zoom-98b7fab8cacc) in 2017.
âI first envisioned Zoom when I was a freshman in college in China and regularly took a 10-hour train ride to visit my girlfriend (who is now my wife),â he told the technology company. âI detested those rides and used to imagine other ways I could visit my girlfriend without traveling â those daydreams eventually became the basis for Zoom.â
Yuan is still the [CEO](https://www.foxbusiness.com/category/business-leaders) of the San Jose, California-based company, which has 1,300 [employees](https://www.foxbusiness.com/category/jobs), according to [Forbes](https://www.forbes.com/companies/zoom-video-communications/#22c254be483c).
### **How many people use Zoom?**
Last week, Zoom announced it had [reached 300 million active daily participants](https://www.foxbusiness.com/technology/zoom-300-million-participants-coronavirus-security) during the coronavirus -- up from 10 million daily participants a few months prior.
However, the announcement was a correction. Zoom had previously said it reached 300 million active daily users but corrected the âgenuine oversightâ a week later.
"We are humbled and proud to help over 300 million daily meeting participants stay connected during this pandemic,â the company said in a statement. âWe want to be clear: this was first announced in our April 22 webinar as 300 million daily participants by our CEO Eric Yuan.â
**[GET FOX BUSINESS ON THE GO BY CLICKING HERE](https://foxbusiness.onelink.me/Zkcx?pid=AppArticleLink&af_dp=foxbusinesssaf%3A%2F%2F&af_web_dp=https%3A%2F%2Fwww.foxbusiness.com%2Fapps-products)**
### **How much does Zoom cost?**
Zoom has several plans that users can purchase, but there is also a free basic version that limits calls to 40 minutes.
For longer calls and other improved features, plans cost \$15 a month per host or \$20 a month per host, according to the [website](https://zoom.us/pricing).
### **How much money does Zoom make?**
According to a report from [Forbes](https://www.forbes.com/sites/alexkonrad/2019/04/19/zoom-zoom-zoom-the-exclusive-inside-story-of-the-new-billionaire-behind-techs-hottest-ipo/#65624c6c4af1) last year, Zoom had annual revenue of \$331 million. In March, [The Financial Times](https://www.ft.com/content/b1f04fce-5fc6-11ea-b0ab-339c2307bcd4) reported that the company was valued at \$35 billion.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| [ZM](https://www.foxbusiness.com/quote?stockTicker=ZM) | ZOOM COMMUNICATIONS INC. | 75\.99 | \+1.03 | \+1.37% |
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| Root Hash | 11899573368979483563 |
| Unparsed URL | com,foxbusiness!www,/technology/zoom-what-to-know s443 |