Zoom is a conference platform business people apply to do business enterprise . It ’s just like Skype , or Lifesize , or Google Hangouts , UberConference , or Bluejeans , but different !
Over the past eight years , some very rich people ( businesspeople ! ) gave Zoom over 160 million dollars , which is more money than everyone reading this clause will probably make in a year , combined . All of those rich hoi polloi , and the company ’s founder , Eric Yuan , are very happy now .
That ’s because Zoom became a public company yesterday — think of unconstipated mass , but mostly other rich mass , can grease one’s palms a tiny objet d’art of that company and maybe get plentiful later but most just pay money now to the people who bet on Zoom right smart back when . Each of those slices was supposed to be worth $ 36 , but some significant folks gain that actually , they were worth closer to $ 65 , which is a set more ( 81 percent more to be exact , which is good , as act go . )
Photo: Kena Betancur (Getty)
This is fundamentally dissimilar from Lyft , another company that a lot of very rich people gave an amount of money to that is comparatively humble to them but abyssal to you or me ( $ 4.9 billion ) . Each of those little slices of Lyft were rumored to be worth about $ 62 , but at the last minute it was decided that , no,$87was in all likelihood closer and Lyft has been sort of softly repent that ever since because now the numeral they invented to say what slice of Lyft are deserving is even lower than the first routine they thought was fair and reasonable .
Part of that is because unlike business people , some of whom have not paid money for slices of either company , have pay money to whizz for its software . In fact , so many businesspeople have done incisively that that Zoom’sgross profitshit 270 million dollar just last twelvemonth , which you might call up is more than the amount the very rich businesspeople look on them in total .
Last year Lyftlost248 million dollars .
Rich people are continuing to count on some ideas , and using their understanding of economic science , a heap of them have fix the company that makes money instead of fall behind money is a good place for their money .
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