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URLhttps://www.foxbusiness.com/technology/zoom-what-to-know
Last Crawled2026-03-18 00:39:30 (19 days ago)
First Indexed2020-05-07 22:53:56 (5 years ago)
HTTP Status Code200
Meta TitleWhat to know about Zoom, the video conferencing app | Fox Business
Meta DescriptionHere’s what you need to know about Zoom, from how much it costs to how many people use it.
Meta Canonicalnull
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 “Zoombombing,” when a hacker hijacks a video call. ZOOM CEO’S 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. Here’s 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. “I 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),” he told the technology company. “I detested those rides and used to imagine other ways I could visit my girlfriend without traveling — those daydreams eventually became the basis for Zoom.” 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 “genuine oversight” a week later. "We are humbled and proud to help over 300 million daily meeting participants stay connected during this pandemic,” the company said in a statement. “We want to be clear: this was first announced in our April 22 webinar as 300 million daily participants by our CEO Eric Yuan.” 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 CLICK HERE TO READ MORE ON FOX BUSINESS
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[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 “Zoombombing,” when a hacker hijacks a video call. **[ZOOM CEO’S 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. Here’s 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. “I 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),” he told the technology company. “I detested those rides and used to imagine other ways I could visit my girlfriend without traveling — those daydreams eventually became the basis for Zoom.” 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. [![As Zoom use has increased during coronavirus and social distancing, ‘Zoombombing’ has become a major issue. FOX Business’ Jackie DeAngelis with more.](http://media.foxbusiness.com/BrightCove/854081161001/202004/2122/854081161001_6147460030001_6147467168001-vs.jpg) 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 “genuine oversight” a week later. "We are humbled and proud to help over 300 million daily meeting participants stay connected during this pandemic,” the company said in a statement. “We want to be clear: this was first announced in our April 22 webinar as 300 million daily participants by our CEO Eric Yuan.” **[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% | | Powered By | | | | | **[CLICK HERE TO READ MORE ON FOX BUSINESS](https://www.foxbusiness.com/)** ## Market Futures DOW JONES FUTURES (I:DJI) 47,026.00 \-13.00 (-0.03%) NASDAQ FUTURES (I:COMPX) 24,829.50 \+34.00 (+0.14%) S\&P 500 FUTURES (INX) 6,723.00 \+1.25 (+0.02%) Market Update sponsored by Advertisement Advertisement Advertisement ![Fox News First](https://static.foxnews.com/foxnews.com/content/uploads/2023/09/532x120-NEWSLETTER_BIZ-Rundown.png) Arrives Weekly Get Our Newsletter Get a brief on the top business stories of the week, plus CEO interviews, market updates, tech and money news that matters to you. We've added you to our mailing list. 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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 “Zoombombing,” when a hacker hijacks a video call. **[ZOOM CEO’S 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. Here’s 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. “I 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),” he told the technology company. “I detested those rides and used to imagine other ways I could visit my girlfriend without traveling — those daydreams eventually became the basis for Zoom.” 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 “genuine oversight” a week later. "We are humbled and proud to help over 300 million daily meeting participants stay connected during this pandemic,” the company said in a statement. “We want to be clear: this was first announced in our April 22 webinar as 300 million daily participants by our CEO Eric Yuan.” **[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% | | Powered By | | | | | **[CLICK HERE TO READ MORE ON FOX BUSINESS](https://www.foxbusiness.com/)**
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