(Photo by Kena Betancur/Getty Images) The History Of ZoomĮric Yuan is the founder and CEO of Zoom. This revelation made me realize that Zoom may not be a quarantine fluke company.] He said he would never need to fly somewhere for a deposition again. The reason I decided to buy Zoom shares was because my dad – a lawyer – told me yesterday on our weekly family Facetime that Zoom has totally revolutionized the legal business. I am not a professional investor and this is not a recommendation. So if the $400 price holds, I somewhat stumbled into a roughly $2,500 gain in a few hours. About 30 minutes later my jaw dropped when I saw it nearing $400.

I quickly checked the stock price and was stunned to see Zoom at $355. I found out when I saw someone Tweet about the revenue quadrupling. I frankly didn't even know Zoom was reporting earnings today. My transactions cleared at a price per share of $307.925. [Full disclosure – By total random luck/coincidence, I bought 30 shares of Zoom from my personal trading account today at 9:57 am PST. Two hours later, it zoomed to $407, before settling down at $400. Thirty minutes after closing, the stock zoomed to $355. And remember, the stock closed at $325 in normal hours.

This news sent Zoom stock… well… zooming in after hours trading.

In fact, Zoom made more money in three months of 2020 than it did in all of 2019. In those reports, Zoom disclosed that revenue more than quadrupled over the same period last year. That's an 8.63% increase in normal market hours trading.Īfter the markets closed, Zoom reported its quarterly results. By the end of trading Monday, a single share of Zoom cost $325. At that market cap, company founder/CEO Eric Yuan had a net worth of $15.8 billion thanks to his 19% stake. At that level the company had a market cap of $83 billion. Before trading opened today on the NASDAQ, a single share of Zoom Video Communications INC cost $304.

What was zoom stock in march 2020