Zoom’s revenue increased by 600 percent

Kathmandu: Video conferencing service Zoom is rapidly gaining commercial success during the Corona virus epidemic. The company is now more valuable than Exxon Mobil, one of the world’s largest oil and gas producers.

According to Forbes, the market value of Zoom is 139 billion US dollars while the market value of Exxon is 138.9 US dollars as of Friday. Zoom launched a market cap with $ 19 billion this year. Meanwhile, Eric Yuan, the founder of Zoom, has almost doubled his earning in the last three months.

His earning has almost doubled since July 2020, when he appeared on the Forbes 400 list of the richest people in the United States. His earning has risen from $ 11 billion to $21.3 billion. The fortunes of Yuan and Zum began to shine as soon as Kavid started. Zoom’s business has grown rapidly during this period.

When people are confined to their homes, they rely on video conferencing. According to Forbes, Zoom has managed to earn 600 percent more revenue than the same period last year.