how zoom makes money?

how zoom makes money?
The company makes its money from sales of subscriptions to its platform, of which there are four tiers it currently offers. The first is its free tier, which it calls Basic; that one comes with the ability to host up to 100 participants, an unlimited number of meetings and 40 minute limit on group meetings.
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How does zoom make its money?
The business model of Zoom is built on charging businesses a reoccurring subscription fee for the various products the company offers. On top of that, Zoom makes money from the promotion of hardware products. ... This culminated in the company's IPO in 2019. Apr 21, 2020
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How much do companies pay for zoom?
For the largest businesses, Zoom offers the Enterprise plan. The Enterprise plan costs $240 per year per license. Enterprise users can host up to 500 participants at once in meetings. The plan also comes with unlimited cloud storage and a dedicated Customer Success Manager for your team. Mar 17, 2021
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Is Zoom making money?
Zoom had one of the most successful IPOs of the year, making the company worth more than both Lyft and Pinterest, according to The Financial Times. Zoom's share price rose 72% on its first day of trading alone, Forbes reported. The company is now worth $35 billion, The Financial Times reported. Sep 9, 2020
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Is Zoom really free?
Zoom video conferencing is celebrated for its ease of use, high quality video and audio, and collaboration facilities - and the basic version is also completely free of charge. Attendees can join a Zoom meeting without even signing into the app, but must register for an account to host a video meeting. Feb 4, 2021
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