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Zoom jumps to record with market cap now above $50B
Finance
- 01 June, 2020
- 10:43
Zoom Video Communications Inc. soared to a record on Friday with a rally in the last hour of trading, helping the company close with a market value above $50 billion for the first time, Report informs, citing Bloomberg.
The maker of video conferencing software rose 9.7% to $179.48, giving it a market value of $50.6 billion.
Zoom has added more than $30 billion in market value this year.
The number of Zoom users reached 200 million in March 2020, up 20-fold from December 2019.
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