 "Zoom app CEO Eric Yuan")
Eric Yuan, founder of video collaboration and chat platform Zoom, has transferred his shares worth more than $6 billion, according to a regulatory filing.
Eighteen million of his shares that were transferred were shown as gifts to unspecified beneficiaries last week, the BBC reported on Tuesday.
The transaction resulted in the transfer of 40 per cent of his stake in the popular video conferencing platform.
The move comes even as Zoom last week reported reported a staggering 369 per cent rise in its quarterly revenue at $882.5 million for the fourth quarter.
Net Income was $260.4
Eighteen million of his shares that were transferred were shown as gifts to unspecified beneficiaries last week, the BBC reported on Tuesday.
The transaction resulted in the transfer of 40 per cent of his stake in the popular video conferencing platform.
The move comes even as Zoom last week reported reported a staggering 369 per cent rise in its quarterly revenue at $882.5 million for the fourth quarter.
Net Income was $260.4
