Hi gh guys!!! I decided to investigate this 'Zoom' prosperity in 2020 and boy did I find out alot. Basically, it records everything, 3D models the room, identifies objects, documents voice and or emotions. On and on, real Eagle Eye type shit. And to think governments, children, groups, churches, everyone using a technology that is totally unsecure. From the timeline, I would say this Eric Yuan was at the LockStep meetings. Then created the app in 2011, got put on the stock exchange in 2019, an ofcourse 2020 has been a windfall with billions now using this app. whoa Nellie this is not good!!!
Semper Fi
Real Neo
TheDebtAssassins
MAsonTRIX
#notsees
Zoom Video Communications, Inc. (Zoom) is an American communications technology company headquartered in San Jose, California. It provides videotelephony and online chat services through a cloud-based peer-to-peer software platform and is used for teleconferencing, telecommuting, distance education, and social relations.[1][2] Zoom's business strategy focuses on providing an easier to use product than competitors, as well as cost savings, which include minimizing computational costs at the infrastructure level and having a high degree of employee efficiency.[1][3]
Eric Yuan, a former Cisco engineer and executive, founded Zoom in 2011, and launched its software in 2013.[4] Zoom's aggressive revenue growth, and perceived ease-of-use and reliability of its software, resulted in a $1 billion valuation in 2017, making it a "unicorn" company.[5] The company first became profitable in 2019,[6][3] and completed an initial public offering that year.[7] The company joined the NASDAQ-100 stock index on April 30, 2020.[8]
Beginning in early 2020, Zoom's software usage saw a significant global increase following the introduction of quarantine measures adopted in response to the COVID-19 pandemic.[9] Its software products have faced public and media scrutiny related to security and privacy issues.[10][11][12] A portion of Zoom's workforce is based in China, which has given rise to surveillance and censorship.
Early years
Zoom was founded by Eric Yuan, a former corporate vice president for Cisco Webex.[14] He left Cisco in April 2011 with 40 engineers to start a new company,[4] originally named Saasbee, Inc.[15] The company had trouble finding investors because many people thought the videotelephony market was already saturated.[15] In June 2011, the company raised $3 million of seed money from WebEx founder Subrah Iyar, former Cisco SVP and General Counsel Dan Scheinman, and venture capitalists Matt Ocko, TSVC, and Bill Tai.[15]
In May 2012, the company changed its name to Zoom, influenced by Thacher Hurd's children's book Zoom City.[15] In September 2012, Zoom launched a beta version that could host conferences with up to 15 video participants.[16] In November 2012, the company signed Stanford University as its first customer.[15] The service was launched in January 2013 after the company raised a $6 million Series A round from Qualcomm Ventures, Yahoo! founder Jerry Yang, WebEx founder Subrah Iyar, and former Cisco SVP and General Counsel Dan Scheinman.[17] Zoom launched version 1.0 of the program allowing the maximum number of participants per conference to be 25.[18] By the end of its first month, Zoom had 400,000 users and by May 2013 it had 1 million users.[19][20]
Growth
In July 2013, Zoom established partnerships with B2B collaboration software providers, such as Redbooth (then Teambox),[21] and also created a program named Works with Zoom, which established partnerships with Logitech, Vaddio,[22] and InFocus.[23][24][25] In September 2013, the company raised $6.5 million in a Series B round from Horizon Ventures, and existing investors. At that time, it had 3 million users.[19] In April 2020, the app's CEO, Eric Yuan, announced Zoom's daily users have ballooned to more than 200 million.[26]
On February 4, 2015, the company received US$30 million in Series C funding from investors including Emergence Capital, Horizons Ventures (Li Ka-shing), Qualcomm Ventures, Jerry Yang, and Patrick Soon-Shiong.[27] At that time, Zoom had 40 million users, with 65,000 organizations subscribed and a total of 1 billion meeting minutes since it was established.[28] Over the course of 2015 and 2016, the company integrated its software with Slack, Salesforce, and Skype for Business.[29][30][31] With version 2.5 in October 2015, Zoom increased the maximum number of participants allowed per conference to 50[32] and later to 1,000 for business customers.[33][34] In November 2015, former president of RingCentral David Berman was named president of the company, and Peter Gassner, the founder and CEO of Veeva Systems, joined Zoom's board of directors.[35]
In January 2017, the company raised US$100 million in Series D funding from Sequoia Capital at a US$1 billion valuation,[36] making it a so-called unicorn.[37] In April 2017, Zoom
