Zoom founder Eric Yuan transfers bn of his shares

Zoom founder Eric Yuan transfers $6bn of his shares

Zoom founder Eric Yuan

Zoom founder Eric Yuan

Zoom founder Eric Yuan has transferred about 18 million of his shares worth more than $6bn (£4.4bn), according to a regulatory filing.

Mr Yuan, who is also chief executive of the video-conferencing platform, moved roughly 40% of his stake in the company last week.

The shares were shown as gifts to unspecified beneficiaries last week.

Mr Yuan has seen his personal wealth rocket as Zoom became a household name during pandemic lockdowns.

An increasing number of students and…


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