Business Booms for Zoom Video Communications

Business+Booms+for+Zoom+Video+Communications

nasdaq.com

Panayiota Laliotis

With Covid-19 affecting schools worldwide, schools have had to adapt to learning online. A major tool being used is the video conference platform called Zoom. Because of this, Zoom’s stock price has increased greatly.

On Jan. 27, 2020, before COVID-19 began affecting businesses world wide, the company shares were valued at approximately $70.44 a share per the Nation Association of Securities Dealers Automated Quotations (NASDAQ). 

On May 1, the share price closed at $138.56. The highest stock price in the past six months was $169.09, which was reached on April 23. 

John Suits, a teacher at Gaither high school has begun using Zoom for a video conferencing platform during this social distancing time.

“Zoom is useful because students can receive one-on-one help. My students come and go as they like during my zoom meetings,” said Suits.

Suits is enjoying the online learning life and loving the flexible hours, casual dress, no commute, the one-on-one Zoom sessions and so much more.

“I have only received positive feedback from my students. My students all like to sleep in,” said Suits.

Zoom offers different monthly plans that allow for an increase in the maximum number of participants per Zoom meeting. The most expensive plan is $19.99 a month, and allows for 1,000 maximum participants.