Zoom enables webinars with up to 1 million participants — but not everywhere

The video conferencing service Zoom enables webinars with up to one million participants at the same time. Group events must be individually pre-booked in packages of a maximum of 10,000, 50,000, 100,000, 250,000, 500,000 or one million participants. There are public price lists beyond Video conferencing subscriptions With a maximum of 10,000 users, and above this limit this offer is only available in the United States until further notice.

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The standard length of such group events is a maximum of three hours, but with the support of Zoom’s advisory department (and appropriate remuneration) longer sessions of up to 30 hours are possible. Up to 1,000 people can attend As per the announcement Participate interactively in virtual panel discussions or give lectures. Zoom promises “zero latency” and a subsequent report with statistical data about participants and their participation, which will help prepare for the next such event.

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The company has many use cases for huge video conferences, for example managers of international corporations who want to address all employees at the same time, opening speeches of large trade fairs and conferences, presentation of new products by big brands, speeches to the population by mayors or heads of state, virtual fan meetings of celebrities and, finally, all kinds of political campaigns, according to US media reports, fundraising events for the election campaign of US Vice President Kamala Harris were the reason for Zoom making mass meetings a publicly offered service.

Zoom was founded in 2011 and has been listed on the stock exchange since mid-April 2019. The issue price rose from $36 to a closing price of $62 on the first day of trading. During the coronavirus pandemic-related restrictions on public gatherings, Zoom experienced a boom, which was also reflected in the stock market value: in October 2020, Zoom shares traded at about $589 each. On Monday, the security rose three percent to $59.82. Growth has slowed, but the company is profitable and continues to grow.

(DS)

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