The coronavirus pandemic altered the way we interact with others. Unable to travel to work or school, people turned to virtual meetings and classrooms in their stead. Suddenly, reliable videoconferencing software went from a luxury to a necessity.
Zoom Video Communications (NASDAQ: ZM) has helped to fill the dire need for online video, voice, and chat services during the COVID-19 crisis. In less than a year, it went from a relatively unknown company to one whose products are used by hundreds of millions of people around the world — and it’s made many of its investors rich along the way.