Baku 26° C
Zoom's founder earns $ 4.2 billion in just few hours
Business
- 01 September, 2020
- 08:26
Eric Yuan, founder, CEO, chairman, and president of Zoom Video Communications, the operator of Zoom video conferencing, increased his fortune by $ 4.2 billion in just a few hours on Monday, Report says, citing Bloomberg.
The company's shares rose sharply after the publication of positive corporate reports. Shares of Zoom Video Communications rose nearly 26% to $ 410 in a matter of hours in electronic trading in the US. Bloomberg estimates that Eric Yuan's wealth will exceed $ 20 billion if the trend continues until Tuesday morning.
Zoom's popularity has grown significantly against the background of the spread of a novel coronavirus and the transition of many people to work remotely.
Author
Latest News
14:22
Majnun Mammadov: Growth cycle based on expanding farmland is ending
AIC14:19
Presidential aide: Agroparks, agro-processing to become priority in Karabakh
AIC14:16
Book on Azerbaijan's role in Eurasian energy presented in Brussels
Foreign policy14:09
Parliament approves bill on establishing Azerbaijan's Embassy in Portugal
Milli Majlis14:03
Huseynzada, Jauniškis mull Azerbaijan-Lithuania co-op
Foreign policy14:02
ADSEA: Modern irrigation systems cover 10% of country's cultivated areas
AIC13:37
Vahid Hajiyev: Azerbaijan to expand agricultural production, processing
AIC13:33
Ilham Aliyev congratulates Vladimir Putin
Foreign policy13:30