How Zoom Zoomed Up to Become a Billion Dollar Tech Company
Curious about Zoom (ZM) - Get Zoom Video Communications Inc. Report ?
The video-conferencing software company will release its first quarterly results as a public company Thursday after the market closes.
The company, which went public in April 2019, has a market cap that's more than three times that of Beyond Meat (BYND) - Get Beyond Meat Inc. Report - which has seen a fourfold increase in its own share price since its IPO in May 2019.
Zoom credits much of its success to its "video-first cloud architecture." The company was founded in 2011 by Eric Yuan, a lead engineer from Cisco Systems (CSCO) - Get Cisco Systems Inc. Report , and built its platform in a cloud computing environment from day one.
Watch the video to find out how this video-conferencing software company zoomed up to become one of the most richly valued tech companies.
Real Money:Zoom In on the Charts
Bang! Zoom Video to the Moon on Excellent Earnings
