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Zoom founder Eric Yuan poses with members of his company in front of the Nasdaq building in New York as the screen displays the logo of the video conferencing software company Zoom after the opening ceremony on April 18, 2019.
Kena Betancur | fake pictures
Zoom’s shares rose 5% on Friday morning after the Nasdaq announced that the video conferencing company will join the Nasdaq 100 next week and two days after it reported an increase in active users.
When you join the Nasdaq 100 on April 30, Zoom will also enter the Invesco QQQ Trust, the second most-traded ETF in the United States. Zoom will replace Willis Towers Watson on the index, Nasdaq said.
Zoom has been in a tear since the stay-at-home mandates to curb the Covid-19 pandemic were implemented. Zoom CEO Eric Yuan announced earlier this week that the company’s number of daily users grew 50% in the past month from 200 million to 300 million. The company reported around 10 million daily users in December.
“Clearly, the Zoom platform is providing an incredibly valuable service to our global users during this difficult time,” said Yuan.
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