Marc Benioff's Salesforce scores a 370% return on Zoom after investing $100 million last year
joined Zoom meetings on April 21, CEO Eric Yuan said this week, marking a 2,900% increase from the startup's 10 million daily users at the end of December.
Zoom's rapid growth has spurred investors to raise its market capitalization from about $10 billion at the time of its IPO to north of $47 billion. Its valuation prices in a vast amount of future growth, given Zoom made only $623 million in revenue and $26 million in net income in the year to January 31.
Salesforce isn't the only software company with a stake in Zoom's success. Cloud-storage specialist Dropbox and enterprise-software titan Atlassian both secured Zoom shares at the time of its IPO, which are now worth about $24 million and $48 million respectively.
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