The shares of Zoom increased considerably after Nasdaq included the video conference servicing company to its Nasdaq 100. It surged 3.9% towards a record high in years, as the global pandemic has led to its usage in business, educational, and the multimedia sector.
Zoom is said to replace Willis Towers Watson in the Nasdaq 100 after markets open. Since the last three months, Zoom has zoomed through a stock of 132%, making the company worth $48 billion. The quarantine has led to most businesses and educational institutes using Zoom to conduct their meetings and the like.
A couple of days back, Zoom had a record 500 million participants in a single day, which considerably raised their stocks.