Zoom founder Eric Yuan transferred his shares

Zoom founder Eric Yuan transferred his shares

Founder of Zoom, video conferencing application popularized by the coronavirus epidemic Eric Yuan, 6 billion It transferred approximately 18 million shares worth more than USD as a gift. At the same time, acting as the general manager of the platform Yuan these shares transferred, 40 percent does.

Zoom investors nervous over the takeover

Exploding suddenly with the effect of the epidemic Zoom, it saw the peak financially with its increasing number of students and employees. Started operations in 2011 and currently, according to Forbes 13.7 billion An official regarding the transfer of shares on the platform with a value stated that it is all about real estate planning practices. The official also Eric Yuan and emphasized that it was done in accordance with his wife’s directives. The spokesperson also underlined that investors will be nervous until they find out who is the buyer of the stocks.


Its value in the last 12 months 100 billion It’s about this era in Zoom that brought it to dollars Oanda in the trading firm Edward Moya BBC’ye in his statement “Eric Yuan’s “The decision to transfer more than one-third of its shares will attract the attention of many people.” Considering that Yuan, who is married and has three children, is only 51 years old, the possibility comes to mind that he may have rushed the distribution of his wealth.

Zoom’s revenues this year from 40 percent increasingly 3,7 It is expected to rise to over billion dollars. However, the company is not very hopeful as the growth will continue at the same pace last year.

Source: BBC

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