
ZM Stock Up 10% on Tuesday as Zoom CEO Eric Yuan Transfers $6B Worth of Shares
After a slump during the weekend, Zoom (ZM) stock is back to winning ways.
Chinese-American billionaire businessman.
Eric S. Yuan is a Chinese-American billionaire businessman, and the CEO and founder of Zoom Video Communications, of which he owns 22%.
Zoom Video Communications
American
San Jose, CA
Stanford University of Science and Technology, BA in Applied Mathematics with a Minor in Computer Application
China University of Mining and Technology, MA in Geology Engineering
723
$4.1 B
Zoom Video Communications - CEO
Cisco - VP of Engineering - 2007-2011
WebEx - VP of Engineering - 1997-2007
After a slump during the weekend, Zoom (ZM) stock is back to winning ways.
ZM shares are trading remarkably higher at the time of writing, with investor sentiments heightened following the bullish 2021 guidance revealed by the company.
Zoom stock has skyrocketed nearly 5x this year on the backdrop of massive demand owing to the work-from-home culture and more businesses moving online. Zoom investors had a phenomenal bull run in 2020.
Its daily peak users surged significantly with a report showing an unprecedented growth from 10 million users in December 2019 to 100 million users in April 2020.
During the Q3 quarter that ended on October 31, Zoom recorded a revenue growth of 367% on an annualized basis in the quarter.