When Zoom Video Communications (NASDAQ: ZM) went public in April 2019, no one could have predicted that the world would soon be hit by a viral pandemic that would fundamentally alter the fabric of society. It wasn't until the COVID-19 crisis started to escalate in early 2020 that Zoom started to see an astronomical surge in engagement, quickly becoming a household name as demand for videoconferencing services among consumers and businesses skyrocketed. Salesforce Ventures had invested $100 million in Zoom through a concurrent private placement that took place alongside the IPO. Read More...
Salesforce Cashes Out Its Zoom Video Profits. Should You?
When Zoom Video Communications (NASDAQ: ZM) went public in April 2019, no one could have predicted that the world would soon be hit by a viral pandemic that would fundamentally alter the fabric of society. It wasn’t until the COVID-19 crisis started to escalate in early 2020 that Zoom started to see an astronomical surge in engagement, quickly becoming a household name as demand for videoconferencing services among consumers and businesses skyrocketed. Salesforce Ventures had invested $100 million in Zoom through a concurrent private placement that took place alongside the IPO.
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