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Zoom revenue skyrockets on pandemic boost

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Reference no: EM132692509

Zoom's Revenue Skyrockets on Pandemic Boost

Despite security concerns and reports of possible links to China, Zoom Video Communications has to be considered one of the biggest beneficiaries of the COVID-19 pandemic. As much of the world has been working from home and relying on technology to stay in touch with colleagues and loved ones amid strict stay-at-home orders, video conferencing apps saw an unprecedented surge in usage, with Zoom one of the most popular options available.

"The COVID-19 crisis has driven higher demand for distributed, face-to-face interactions and collaboration using Zoom. Use cases have grown rapidly as people integrated Zoom into their work, learning, and personal lives," Eric S. Yuan, Founder and Chief Executive Officer of Zoom said earlier this year after his company had reported 169 percent revenue growth for the three months ended April 30.

Analyse the trend of online activities amongst Internet users prior to and during the COVID-19 pandemic worldwide. Provide detailed insights on key trends coupled with relevant examples.

Reference no: EM132692509

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