Here's one business that is Zoom-ing ahead in the current situation
By James Young | 27th March 2020
Punchline are using it.
Offices across the county, up and down the country and across the world are too.
Schools are using it to provide work for their children.
And countless choirs, fitness groups, bands and groups of mates needing a trip to the virtual pub are relying on it to communicate safely.
How many of us had heard of Zoom before the start of last week?
How many of us couldn't think of going a day without speaking to people outside of our household on it now?
The video conferencing app is one of the few companies to have enjoyed a remarkable rise in recent weeks.
Founded by Eric Yuan, a lead engineer at Cisco Systems in 2011, the first video calls were made in 2013.
It grew and grew before floating on the NASDAQ Stock Exchange in New York in April last year.
Then, $36 dollars bought you a share in the company, valuing Zoom Communications INC at around $16billion at the end of its first day of trading.
Unsurprisingly, given that we're all stuck at home, the Zoom Wikipedia page has already been updated to reflect the remarkable growth coronavirus has given the company.
Usage has increased by more than half and on just one day recently more than 350,000 people downloaded the Zoom app.
Shares have soared since the start of the year. Worth $68 at the start of January, you now have to fork out more than $150 for a single one.
That's nearly five times the original issue price, valuing the company - one that we all now rely on - at a whopping $68billion.
Which just goes to show, in whatever the circumstances, there is business to be done and success can be had.
Stay safe out there everyone.
Have a good weekend, and see you all on Zoom for the Monday morning meeting?
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