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Things You Don’t Know About Zoom Video Service
We’ll be telling you some certain things you don’t know about Zoom video service in this article. Zoom is considered one of the most popular video conferencing apps in the world. The platform has strong technology and simple user-interface features, which allows users to engage in a face-to-face meeting with your colleagues online. Ever since the outbreak of the Covid-19 pandemic, many people have been using Zoom to engage with each other due to the lock-down. Beginning in early 2020, Zoom’s software saw increased use following the quarantine measures adopted in response to the pandemic. It’s software products have faced public and media scrutiny related to security and privacy issues. Irrespective of that, there are still some hidden things people still don’t know about the Zoom video service.
Zoom Video Communications is an American communications technology company that provides video telephony and online chat services through a cloud-based peer-to-peer software platform and is used for teleconferencing, telecommuting, distance education, and social relations. Zoom’s business strategy focuses on providing an easier to use product than competitors, as well as cost savings, which include minimizing computational costs at the infrastructure level and having a high degree of employee efficiency. This article will give you the proper details in order to about Zoom video service.
Eric Yuan, a former Cisco Webex engineer, and executive founded Zoom in 2011 and launched its software in 2013. Zoom’s aggressive revenue growth, and perceived ease-of-use and reliability of its software, resulted in a $1 billion valuation in 2017, making it a “unicorn” company. The company first became profitable in 2019. In 2019, the company completed an initial public offering. The company joined the NASDAQ-100 stock index on April 30, 2020. A large part of Zoom’s workforce is based in China, which has given rise to surveillance and censorship concerns. Now read further below in order for you to still know about Zoom video service.
Also see How to Create Zoom account
More About Zoom Video Service
Zoom has been criticized for “security lapses and poor design choices” that have resulted in heightened scrutiny of its software. The company has also been criticized for its privacy and corporate data sharing policies. Security researchers and reporters have criticized the company for its lack of transparency and poor encryption practices.
Zoom initially claimed to use “end-to-end encryption” in its marketing materials, but later clarified it meant “from Zoom endpoint to Zoom endpoint” (meaning effectively between Zoom servers and Zoom clients), which The Intercept described as misleading and “dishonest”.
Everything you need to know about Zoom video service has been highlighted for you below dating back from when it was founded till date:
- Zoom was founded by Eric Yuan, a former corporate vice president for Cisco Webex. He left Cisco in April 2011 with 40 engineers to start a new company, originally named Saasbee, Inc.
- The company had trouble finding investors because many people thought the video telephony market was already saturated. In June 2011, the company raised $3 million of seed money from WebEx founder Subrah Iyar, former Cisco SVP and General Counsel Dan Scheinman, and venture capitalists Matt Ocko, Logo of TSVC, and Bill Tai.
- In May 2012, the company changed its name to Zoom.
- In September 2012, Zoom launched a beta version that could host conferences with up to 15 video participants.
- In November 2012, the company signed Stanford University as its first customer.
- The service was launched in January 2013 after the company raised a $6 million Series A round from Qualcomm Ventures, Yahoo! founder Jerry Yang, WebEx founder Subrah Iyar, and former Cisco SVP and General Counsel Dan Scheinman.
- Zoom launched version 1.0 of the program allowing the maximum number of participants per conference to be 25.
- By the end of its first month, Zoom had 400,000 users and by May 2013 it had 1 million users.
- In July 2013, Zoom established partnerships with B2B collaboration software providers, such as Redbooth (then Teambox), and also created a program named Works with Zoom, which established partnerships with Logitech, Vaddio, and InFocus.
- In September 2013, the company raised $6.5 million in a Series B round from Facebook, Waze, and existing investors. At that time, it had 3 million users.
- By June 2014, Zoom had 10 million users.
- On February 4, 2015, the company received US$30 million in Series C funding from investors including Emergence Capital, Horizons Ventures (Li Ka-Shing), Qualcomm Ventures, Jerry Yang, and Patrick Soon-Shiong. At that time, Zoom had 40 million users, with 65,000 organizations subscribed and a total of 1 billion meeting minutes since it was established.
- Over the course of 2015 and 2016, the company integrated its software with Slack, Salesforce, and Skype for Business.
- With version 2.5 in October 2015, Zoom increased the maximum number of participants allowed per conference to 50 and later to 1,000 for business customers.
- In November 2015, former president of RingCentral David Berman was named president of the company, and Peter Gassner, the founder, and CEO of Veeva Systems joined Zoom’s board of directors.
- In January 2017, the company raised US$100 million in Series D funding from Sequoia Capital at a US$1 billion valuation, making it a so-called unicorn.
- In April 2017, Zoom launched a scalable telehealth product allowing doctors to host remote consultations with patients.
- In May, Zoom announced integration with Polycom’s conferencing systems, enabling features such as multiple screens and device meetings, HD and wireless screen sharing, and calendar integration with Microsoft Outlook, Google Calendar, and iCal.
- From September 25-27, 2017, Zoom hosted Zoomtopia 2017, its first annual user conference. At this conference, Zoom announced a partnership with Meta to integrate Zoom with augmented reality, integration with Slack and Workplace by Facebook, and first steps towards an artificial intelligence speech recognition program.
- On April 18, 2019, the company became a public company via an initial public offering. After pricing at US$36 per share, the share price increased by over 72% on the first day of trading.
- The company was valued at US$16 billion by the end of its first day of trading. Prior to the IPO, Dropbox invested $5 million in Zoom.
- The company ranked second place in Glassdoor’s 2019 “Best Places to Work” survey.
- Zoom witnessed an increase in the company’s stock price in early 2020, despite a general stock market downturn.
- In January 2020, Zoom had over 2,500 employees, 1,396 are in the United States and 1,136 are in their international locations. Although 700 employees within a subsidiary work in China and develop Zoom software.
- During the COVID-19 pandemic, Zoom saw a major increase in usage for remote work, distance education, and online social relations.
- Thousands of educational institutions switched to online classes using Zoom.
- The company offered its services for free to K–12 schools in many countries.
- By February 2020, Zoom had gained 2.22 million users in 2020 — more users than it amassed in the entirety of 2019.
- In March 2020, the Zoom app was downloaded 2.13 million times.
- Also in March 2020, New York State Attorney General Letitia James launched an inquiry into Zoom’s privacy and security practices.
- Daily average users rose from about 10 million in December 2019 to about 200 million in March 2020, with 300 million daily meeting participants by the end of April 2020.
- Zoom stock went from less than $70 per share in January 2020 to $150 per share by the end of March, giving the company a market value of $42 billion.
- In April 2020, Citizen Lab warned that having much of Zoom’s research and development in China could “open up Zoom to pressure from Chinese authorities.”
- On May 7, 2020, Zoom announced that it had acquired Keybase, a company specializing in end-to-end encryption.
- The inquiry into Zoom’s privacy and security practices was closed also on May 7, 2020, with Zoom not admitting wrongdoing, but agreeing to take added security measures.
- Also in May 2020, the Federal Trade Commission announced that it was looking into Zoom’s privacy practices.
- In June 2020, Zoom was criticized for closing multiple accounts of U.S. and Hong-Kong based groups, including that of human rights activist Zhou Fengsuo, commemorating the 1989 Tiananmen Square protests. The accounts were later re-opened.
- Zoom alleged that it has to “comply with local laws,” even “the laws of governments opposed to free speech.”
- Zoom subsequently admitted to shutting down activist accounts at the request of the Chinese government. In response, a bipartisan group of U.S. senators requested clarification of the incident from the company.
- Zoom’s product development team is largely based in China, where an average entry-level tech salary is one-third of American salaries, which is a key driver of its profitability.
- Zoom’s R&D costs are 10 percent of total revenue, less than half of the median percentage among its peers.
How to Create Zoom Account
Follow the steps below to see how you can create Zoom account:
- The first thing is to do is to go to your web browser and click on this link >> https://rochester.zoom.us.
- Click on the “Log in” button and select the instance that is appropriate for your use.
- After that, you’ll then enter your username and password.
- Finally, your account has been created and you can now start hosting or scheduling Zoom meetings.
If you’re using a computer device whether Windows or Mac, just follow the steps below to start-up your Zoom.
For Windows 7:
- First of all click the Windows icon in the taskbar.
- Click on “All Programs.”
- Then click on the Zoom folder.
- Then double-click to start.
Using Windows 8:
- Click on the Windows icon in the taskbar.
- Click on the Down Arrow in the bottom left corner, to accessAll Apps.
- Click the Windows icon in the taskbar.
- Go to your Apps list and scroll down till you get to the Zoom folder.
- Click on the Zoom folder.
- After that, double-click on the Zoom to launch the application.
Note: On all versions of Windows, you can pin the Zoom desktop client to your taskbar, by right-clicking on Zoom desktop client, and then clicking Pin to Taskbar.
Opening Zoom with Mac:
- First, locate the Finder icon in your Dock.
- Right-click on the icon, and then click “New Finder Window.”
- When the new window pops up, click on “Applications”.
- After that, find zoom.us in your apps list and double click the icon to start the app.
- If Launchpad is on your dock, you can click that to access your applications list, and open Zoom from there.
- The Zoom Desktop Client and Mobile App have different features than the Zoom web portal. The Zoom web portal is primarily used for changing your meetings settings and Zoom phone settings.