Zoom makes NASDAQ-100 Index list

Zoom soars to the index (Source: Pexels)

COVID-19 has made a star out of Zoom Video Communications. Its popularity, usage and value has soared — all the way to becoming a component of the NASDAQ-100 Index, the NASDAQ-100 Equal Weighted Index and the NASDAQ-100 Ex-Tech Sector Index.

From April 30, the videoconferencing company will take pride of place among luminaries in the stock market index of the common stocks and similar securities listed on the NASDAQ stock market.

With more people working from home, Zoom has become a vital tool for communications. The videoconferencing solution is easy to use and widely adopted.

Security issues have arisen but the company has been quick to plug the holes as well as provided guides on how to use the platform safely, such as not sharing meeting links openly and only granting access to known participants in the Waiting Room.