The world is a very different place in 2020. And that can be seen in the way that video-calling app Zoom has become one of the highest-valued companies in the world.
The number of people using Zoom has risen from 10 million last year to over 300 million at the end of April. And that’s given Zoom a huge valuation of $48.8 billion.
And that’s been good news for their founder Eric Yuan. He’s now one of the 200 richest people in the world with, valued at $7.8 billion. Even more amazing is that before 2020, he wasn’t even on the list!
In total, Zoom is now worth more than seven global airlines combined. Many of the world’s biggest airlines including Delta, Air France and United have seen their income drop by over 60% this year.
Which is a neat microcosm of the Coronavirus world right now. Online communication has gone up, global flying in a steep decline.
And if you are having Zoom meetings at work, maybe you can take a bit of inspiration from this (cardboard) man?
And you too can now take advantage of Zoom. The UAE government lifted the restrictions on a number of video-calling apps including Zoom a few months ago.