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Meet Zoom CEO Eric Yuan, Who's Made $12 Billion in the Pandemic.Meet Zoom CEO Eric Yuan, Who's Made $12 Billion in the PandemicThe coronavirus crisis app eliminated millions of Americans' sources of incomebut not Eric Zoom app owner country. Yuan is the founder of video conferencing app Zoom. Even before the outbreak ap the coronavirus forced people to work and countryy primarily onlineZoom's share price grew exponentially.
He also now officially ranks on the Forbesmaking him one of ссылка на подробности richest people in the US. Yuan declined to comment on his net worthcareer, or personal life when reached by Business Insider in April, saying through a representative that he was busy working hour days counyry Zoom. Yuan's parents were mining engineers, according zoom app owner country Forbes.
Yuan has an undergraduate degree in applied mathematics and a master's degree in engineering, Bloomberg reported. Yuan spent four years working in Japan after zoom app owner country but was inspired to move to California's Silicon Valley to work for an internet startup after zoom app owner country взято отсюда Bill Gates give a speech about the dot-com bubble, according to Bloomberg.
The United States denied Yuan's visa application eight times before allowing the future cuontry to move to California countrgFortune reported. Yuan was привожу ссылку at the time, according to CNBC. Yuan told The Financial Times that he had a disagreement with the immigration official who processed his application.
Playing pick-up zoom app owner country was one of Yuan's only hobbies during that time, according to Forbes. Before founding ZoomYuan was a vice president at telecommunications equipment company Cisco Systems.
Yuan worked for another videoconferencing company called WebEx that was acquired by Cisco in Back when he still lived in China, Yuan and his girlfriend were enrolled in two different colleges that were separated by a hour train ride, according to Zoom app owner country.
The two later got married. Zoom download cam experience gave Yuan the idea to incorporate video into telephone-based conferencing systems like Cisco's, Bloomberg reported.
Yuan also wanted to make a more user-friendly conferencing system that was fun to use, according to CNBC. Zoom is known for its virtual backgroundswhich allows users to make it appear as if they are on the beach or in front of the Golden Gate Bridge. Yuan pitched Cisco a new, smartphone-friendly video conferencing system inThe Financial Times reported.
When his bosses cuntry him down, Yuan left Cisco to found Zoom. Three years after I left, they realized what I said county right.
Yuan also couldn't convince any investors to back his new venture, so he borrowed money from friends and family to launch Zoom, according to The Financial Times. Yuan's own wife initially questioned his decision to leave Cisco, Forbes reported. I wrote back that the email was indeed from me, and that it wasn't generated by one of our marketing tools.
He still didn't believe me, so I wrote back again and offered to zoom app owner country him on a Zoom call right that minute to prove it was me writing the emails. That call never did take place, but he stopped accusing Zoom of being dishonest! Yuan lives zoom app owner country the motto "Hard work and stay humble," according to The Financial Times.
Yuan is now ranked No. Beforehe wasn't even on the list. Yuan's skyrocketing net worth also earned him a spot on the Forbesthe magazine's annual ranking of the wealthiest people in America, for the first time in Yuan is No. Zoom 's rising public profile led to increased scrutiny from the New York Attorney General's office over its data privacy practices.
Public Zoom calls have dealt with trolls joining and sharing graphic zoom app owner country, and online classes have faced people hijacking a meeting, in a phenomenon called "Zoom bombing. We appreciate the New York Attorney General's engagement on these issues and are happy to provide her with the requested information. Yuan apologized for the problems in a blog post in April, writing "We did not design the product with the foresight that, in a matter of weeks, every person адрес страницы the world would suddenly be working, studying, and socializing from home.
He added : "We recognize that we have fallen short of the community's zoom cloud meeting download for windows 10 64 bit and our own — privacy and security expectations. For как сообщается здесь, I am deeply sorry, and I источник статьи to share what we are doing about it.
Yuan announced a series of measures to help make Zoom more secure, including bringing in outside experts, expanding the company's "bug-bounty program" in which tech companies offer cash rewards to ethical hackers who find issues with the company's security systemand holding weekly conferences to update people on the company's progress.
Source: Business Insider. Yuan was highly involved in his oldest son's basketball career, the younger Yuan's former coach told CNBC in This guy didn't only go to the games, but he was at the practices.
Yuan did occasionally take meetings on Zoom while attending his son's games, however. The couple has two sons and a daughter, according to Bloomberg. The family lives in Zoom app owner country, California, The Telegraph reported. Yuan now uses Zoom for almost all his meetings and tries to limit business trips to two a year in order to spend more time with his family, according to The Financial Times. He is also conscious of airplane travel's impact on climate change, The Telegraph reported.
Yuan shares an office in Zoom's headquarters with chief product office Oded Gal, Zokm reported. Yuan does drive a Tesla, however, according to Forbes. And Tesla is one of Zoom's customers. Money is not going to bring me happiness. Yuan told The Telegraph that he is more excited by the possibility of convincing more people to embrace remote work. Coronavirus is just a catalyst. Sooner or later this is going to be normal because the world does not belong to us anymore, it belongs to the younger generation.
Keep reading. US Markets Loading H M S In the news. Executive Lifestyle. Taylor Nicole Rogers. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F.
Flipboard Link icon An image of a chain link. It symobilizes a website link url. Copy Link. Yuan got the idea for Zoom onwer trying to find a way zlom connect with his long-distance girlfriend.
The year-old billionaire's net zoom app owner country jumped Even before the pandemic brought international travel to a halt, Yuan almost never app work trips. He insisted on taking Zoom calls with clients so he could spend more time with his kids.
Visit Business Insider's homepage for more stories. Yuan has worked zoom app owner country teleconferencing since he arrived in the United States. Yuan initially struggled to find support for his video conferencing startup.
During Zoom app owner country early days, the former engineer was involved in every part of the business — including customer service. Yuan became a billionaire after Zoom's initial public offering in April Yuan is popular with Zoom's employees. The pandemic-inspired work from home boom hasn't been all smooth sailing for Zoom, however. Reports have also surfaced that Zoom didn't use end-to-end encryption for its video meetings and had leaked thousands of users' email addresses to strangers.
Zoom app owner country his busy schedule, Yuan is a committed father. Yuan lives in a wealthy Silicon Valley suburb with his wife and their three kids. Yuan almost never travels. Unlike many other members of the three-comma club, Yuan doesn't live a coujtry lifestyle.
While Yuan says his newfound wealth doesn't particularly excite him, he is eager to see what he hopes will be a permanent change in the way we work. Deal icon An icon in the shape of a lightning bolt. Loading Something is loading. Email address. Billionaire Zoom Eric Yuan coronavirus Tech.
- Zoom app owner country
Zoom Meetings commonly shortened to Zoom , and stylized as zoom is a proprietary videotelephony software program developed by Zoom Video Communications. The free plan allows up to concurrent participants, with a minute time restriction. Users have the option to upgrade by subscribing to a paid plan.
The highest plan supports up to 1, concurrent participants for meetings lasting up to 30 hours. During the COVID pandemic , there was a major increase in the use of Zoom for remote work , distance education , [4] and online social relations.
Zoom was originally founded in Zoom also has offices in Europe, Asia, and Australia. Zoom has several tiers: Basic, Pro, Business, and Enterprise. It is noted for its simple interface and usability, regardless of technological expertise. Use of the platform is free for video conferences of up to participants at once, with a minute time limit.
For longer or larger conferences with more features, paid subscriptions are available. Features geared towards business conferences, such as Zoom Rooms, are also available. Zoom security features include password-protected meetings, user authentication, waiting rooms, locked meetings, disabling participant screen sharing, randomly generated IDs, and the ability for the host to remove disruptive attendees. It is available on all platforms, except for the official Zoom web client.
Zoom also offers a transcription service using Otter. In September , Zoom added new accessibility features to make the app easier to use for those who are deaf, hard of hearing, or visually impaired. New features include the ability to move around video windows in gallery view, pin video windows to be spotlighted; improved keyboard shortcuts; new tools to adjust the size of closed captioning text; and sign language interpreters' windows can now sit directly next to the speaker.
In October at Zoomtopia, Zoom's annual user conference, the company unveiled OnZoom, a virtual event marketplace with an integrated payment system where users can host and promote free or paid live events. The first such apps were expected to be available around the end of , from companies including Slack , Salesforce , Dropbox , [37] [39] and Qatalog.
In October , Zoom gave its users better security with an upgrade to end-to-end encryption for its online meetings network. On March 22, , Zoom announced that it would start selling its videoconferencing technology as a white-label product , so other companies can embed it in their own products, with the calls running over Zoom but not carrying the company's brand name.
In August , Zoom launched a new feature called Focus Mode. It is designed for use in digital classrooms and other educational settings. When active, the mode will hide participants' screens from each other though they can see each other's names while the host retains the ability to see everyone's camera stream or screen share.
The feature is available across all Zoom accounts, including free ones. In September at Zoomtopia, the company announced that end-to-end encryption would now be available as an upgrade for Zoom Phone users. The company also announced Bring Your Own Key BYOK for users to manage their own encryption keys that Zoom cannot access or see , Verified Identity a multi-factor authentication feature working through Okta that allows users to confirm the identity of meeting participants , and Video Engagement Center for businesses to digitally interact with customers.
In October , the option to automatically generate closed captions in English for Zoom meetings was expanded to all accounts, including free ones. The feature had previously only been available for Premium users.
In April , Zoom added a couple of new features, including gesture recognition, a virtual whiteboard, and Zoom IQ for sales. Since the start of the COVID pandemic, Zoom has been used by banks, schools, [50] universities, and government agencies around the world, [51] by the UK Parliament , [52] by healthcare professionals for telemedicine, [53] barbershops, [54] and ceremonies such as birthday parties, [55] funeral services, [56] and bar and bat mitzvah services.
Written and directed by Nelson, it was commissioned by The Public Theater and premiered on YouTube on April 29, , as a benefit performance. The New Yorker called it "the first great original play of quarantine". The play premiered on Zoom on July 25, It premiered on Shudder in July On July 3—4, , using Zoom Webinar, the International Association of Constitutional Law and Alma Mater Europaea organized the first "round-the-clock and round-the-globe" event that traveled through time zones, featuring 52 speakers from 28 countries.
The second episode featured an all-Black cast in a table read of an episode of Friends , hosted by Gabrielle Union and featuring Sterling K. Brown and Uzo Aduba. Zoom has been criticized for "security lapses and poor design choices" that have resulted in heightened scrutiny of its software. It includes passwords by default, improved encryption, and a new security icon for meetings.
By September , Zoom had , institutional customers with more than 10 employees, up about percent from the same quarter to the year before. They were able to raise their annual revenue forecast by more than 30 percent after many of their free users converted to paid subscriptions.
Zoom has been criticized for its privacy and corporate data sharing policies, as well as for enabling video hosts to potentially violate the privacy of those participating in their calls.
In March , a Motherboard article found that the company's iOS app was sending device analytics data to Facebook on startup, regardless of whether a Facebook account was being used with the service, and without disclosing it to the user. The company stated that the SDK was only collecting information on the user's device specifications such as model names and operating system versions in order to optimize its service and that it was not collecting personal information.
Federal Court for illegally and secretly disclosing personal data to third parties including Facebook. In April , a Zoom information gathering feature was found that automatically sent user names and email addresses to LinkedIn , allowing some participants to surreptitiously access LinkedIn profile data about other users without their express consent. In November , a security vulnerability was discovered that allowed a remote unauthenticated attacker to spoof UDP messages that allowed the attacker to remove attendees from meetings, spoof messages from users, or hijack shared screens.
After receiving public criticism, Zoom removed the vulnerability and the hidden webserver to allow complete uninstallation. On April 20, , the New York Times reported that Dropbox engineers had traced Zoom's security vulnerabilities back over two years, pushing Zoom to address such issues more quickly, and paying top hackers to find problems with Zoom's software. In the same article, the New York Times noted that security researchers have praised Zoom for improving its response times, and for quickly patching recent bugs and removing features that could have privacy risks.
Those efforts include end-to-end encryption for all users, turning on meeting passwords by default, giving users the ability to choose which data centers calls are routed from, consulting with security experts, forming a CISO council, an improved bug bounty program, and working with third parties to help test security.
Yuan also stated that Zoom would be sharing a transparency report later in On 16 November , Zoom announced a new security feature to combat disruptions during a session. The new feature was said to be a default for all free and paid users and made available on the Zoom clients for Mac , PC, and Linux , as well as Zoom mobile apps. The practice of " Zoombombing ", a phenomenon where uninvited participants join a meeting to cause disruption, prompted a warning from the Federal Bureau of Investigation.
Zoom encrypts its public data streams, using TLS 1. Zoom initially claimed to use " end-to-end encryption " in its marketing materials, [] but later clarified it meant "from Zoom end point to Zoom end point" meaning effectively between Zoom servers and Zoom clients , which The Intercept described as misleading and "dishonest". In April , Citizen Lab researchers discovered that a single, server-generated AES key is being shared between all participants in ECB mode , which is deprecated due to its pattern-preserving characteristics of the ciphertext.
On June 3, , Zoom announced that users on their free tier will not have access to end-to-end encryption so that they could cooperate with the FBI and law enforcement. On September 7, , cryptography researcher Nadim Kobeissi accused Zoom's security team of failing to credit his open-source protocol analysis research software, Verifpal, with being instrumental during the design phase of Zoom's new encryption protocol, as described in their whitepaper published in June Kobeissi also linked to a tweet by Zoom security consultant Lea Kissner which he described as a public character assassination attempt issued in response to his repeated requests to have his work cited in the research paper published by Zoom.
Zoom admitted that some calls in early April and prior were mistakenly routed through servers in mainland China , prompting some governments and businesses to cease their usage of Zoom. An April Citizen Lab report warned that having much of Zoom's research and development in China could "open up Zoom to pressure from Chinese authorities". Facebook and YouTube also joined Zoom in denying their platforms to the conference organizers.
Professor Rabab Ibrahim Abdulhadi, one of the conference organizers, criticized Zoom, Facebook, and Google for allegedly censoring Palestinian voices. On December 18, , Zoom announced it would be issuing its first transparency report. These reports will be published twice a year beginning in These reports are supposed to show how Zoom responds when user data is requested by law enforcement or government officials. Zoom states that it "only produces user data to governments in response to valid and lawful requests in accordance with our Government Requests Guide and relevant legal policies".
The data gathered by Zoom is being sent to the United States. From Wikipedia, the free encyclopedia. Videoconferencing software.
This article is about the videoconferencing software. For the company that develops this software, see Zoom Video Communications. Android 5. Further information: Zoom Video Communications. Further information: Zoombombing. Archived from the original on November 3, Retrieved February 13, Archived from the original on June 26, Retrieved June 24, Archived from the original on April 6, Archived from the original on June 21, Retrieved April 21, The New York Times.
ISSN Archived from the original on March 23, Retrieved March 23, January 7, Retrieved January 8, April 30, Retrieved April 30, Zoom Video.
Retrieved May 27, August 21, The Wall Street Journal. Archived from the original on April 8, Retrieved April 13,
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