Zoom Jumps 11%

Zoom Video Communications jumped 11% in Thursday trading after the company announced it surpassed 300 million daily users on its platform.

Zoom has seen its business boom since the coronavirus pandemic began earlier this year.

Prior to the pandemic, Zoom had just 10 million daily users, as reported in December 2019. But as millions of people across the globe have been under stay-at-home orders, many have turned to video conferencing with friends and family as a form of socializing.

Zoom’s stock has returned almost 150% year-to-date, at a time when it has seen its user base jump nearly 3,000%.

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