It has since dropped back down to $35 billion.” Zoom’s valuation exceeded $100 billion during the pandemic, a 383% increase on its value in January 2020.It has 191,000 enterprise customers as of February 2022.Zoom was one of the fastest-growing apps of the pandemic meeting participants increased by 2900%.“Zoom generated $4 billion revenue in 2021, a 53% increase year-on-year.And while the pandemic continued into 20, so did Zoom’s revenue. Zoom quickly became widely used for many purposes, from using Zoom to communicate with family and friends who were confined at home to using Zoom to hold university lectures while schools moved online.
When the whole world shut down, people resorted to remote forms of communication-video conferencing applications. It’s likely that you first heard or even used Zoom in 2020 as a result of the COVID-19 pandemic. If you didn’t already know, Zoom is a video-conferencing application that allows users to video chat with people across the globe.
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