As the pandemic forced office employees to work remotely, many companies turned to Zoom to stay connected. It also became a social platform utilized for digital happy hours, family dinners and even weddings. As of December 2019, the maximum number of daily meeting participants conducted on Zoom was approximately 10 million; by the end of March, Zoom reached more than 200 million daily meeting participants, the company stated in a blog post.
As of September, Zoom’s stock prices had risen 569% for the year, bringing its market cap to $129 billion — more than veteran tech company IBM, CNBC reported.
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