The future of Zoom
Recode Daily
Recode
4.6 • 1.3K Ratings
🗓️ 4 December 2020
⏱️ 6 minutes
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| 0:00.0 | Has any business thrived during this pandemic more than Zoom? |
| 0:09.0 | We've talked about Zoom before. |
| 0:10.5 | It's the video call service that's essential not only for office workers but also for |
| 0:14.6 | birthday parties, happy hours, other social events. It's become the sort of place where we sort of do everything. |
| 0:20.6 | And that's made Zoom into a huge business. |
| 0:23.0 | So what happens next? |
| 0:25.0 | What happens once the pandemic's over? |
| 0:27.0 | Will Zoom still be so essential? |
| 0:30.0 | Recodes Ronnie Molo has been looking into this. Hey Ronnie. Hey, Teddy. So fill us in. |
| 0:36.5 | Zoom didn't just start a year ago, right? This has been around for a while. Yeah, it's been around since 2011, |
| 0:42.0 | but it did just go public about a year ago in 2019. |
| 0:46.7 | So perfect timing sort of. |
| 0:48.1 | Perfect timing you know it went public it was also this rare profitable tech company and then the pandemic hit and all of a sudden it went |
| 0:55.3 | from like company that you and I baby talked about to something that our grandma talks |
| 1:00.1 | about and uses. How does Zoom make money? |
| 1:03.2 | Zoom makes money on subscriptions. |
| 1:05.1 | There is a free tier, which is probably why it's so popular. |
| 1:08.8 | But if you work at a company, you pay for a subscription to it that has a few perks. |
| 1:15.2 | You could have meetings that are longer than 40 minutes. |
| 1:17.6 | It's not as limited. |
| 1:18.8 | Sure, the real money that's made on the big company that has a massive contract with Zoom. |
| 1:23.4 | Right, and individuals in small companies, you know, I could pay for it if I wanted to talk to my family |
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