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TIL 10 things about Zoom software and its shadowy founder Eric Yuan
1) Founder was ‘inspired’ by Bill Gates:
When Eric Yuan was in his early 20s, he heard a speech from then-Microsoft CEO Bill Gates about the promise of the internet, and Yuan decided he wanted to move from China to the US to be a part of the Silicon Valley tech boom.
Today, Yuan is the 49-year-old founder and CEO of videoconferencing cloud software company Zoom, which debuted on the Nasdaq exchange on Thursday in an IPO that currently values the company at more than $16 billion.
2) Relationship with Gates (and Microsoft) not so friendly these days. Microsoft’s Skype pushing for pole position. Was Microsoft responsible for the “hacks”?
Zoom has been around since 2011, but many people discovered it for the first time as the novel coronavirus made social distancing a requirement and online meetings became more common.
But the company’s privacy and security isn’t up to par and hackers had a field day disrupting meetings with threats, homophobic and racist messages or by showing pornographic images, according to The Associated Press:
- An online class in Georgia was hacked by someone who “showed pornography to students and the teacher.”
- A sermon by Boston’s First Baptist Church was interrupted by someone shouting “homophobic and racist comments.”
- A Duke University graduate student defending her dissertation was interrupted by echoes, loud music and threats of violence.
- School officials in New York City and Las Vegas issued orders to teachers to stop using Zoom altogether.
On a newly created page on Skype’s website, Microsoft is promoting Skype’s features, which are similar to Zoom’s with better security.
3) For a man now apparently worth $17.7b, Wikipedia doesn’t seem to know - or want to reveal - much of Eric Yuan’s basic biography, his date of birth of even the name of his wife. Vagueness about his past, with a typical rags-t—riches narrative (dreaming of leaving China, refused US visa 8 times etc) might suggest a fabricated or sheep-dipped person.
4) Great sense of timing - In 2019, Zoom became a public company via an initial public offering, at which time Yuan became a billionaire. His wealth has increased during COVID-19 pandemic, as Zoom has benefited from the shift to online work and teaching.
The 50-year-old billionaire's net worth jumped 396.5% to $17.7 billion in 2020 so far, as the rest of the world suffers through an economic crisis caused by the coronavirus pandemic.
5) In April 2020, Citizen Lab warned that having much of Zoom's research and development in China could "open up Zoom to pressure from Chinese authorities." In June 2020, Zoom was criticized for closing multiple accounts of U.S. and Hong-Kong based groups, including that of Zhou Fengsuo and two other human rights activists, who were commemorating the 1989 Tiananmen Square protests. The accounts were later re-opened, with the company stating that in the future it "will have a new process for handling similar situations."
Zoom responded that it has to "comply with local laws," even "the laws of governments opposed to free speech." Zoom subsequently admitted to shutting down activist accounts at the request of the Chinese government.
6) Zoom initially claimed to use "end-to-end encryption" in its marketing materials, but later clarified it meant "from Zoom end point to Zoom end point" (meaning effectively between Zoom servers and Zoom clients), which The Intercept described as misleading and "dishonest".
7) Whereas Huawei is currently mistrusted, Governments, Intelligence and various topical agencies clearly aren’t too worried about Zoom’s connections to China and the likelihood of espionage:
“Yesterday, Forbes revealed U.S. agencies handling the coronavirus response had spent a collective $1.3 million on Zoom tech in just a few days at the end of March. Not only had the Centers for Disease Control and Prevention (CDC) and the Federal Emergency Management Agency (FEMA) spent hundreds of thousands on Zoom for COVID-19-related webinars and calls, but other government agencies had bought into the tech, too. That included the State Department and one organization that was the alleged victim of a major Chinese hack, the Office of Personnel Management, in a breach that saw the private data of 21 million Americans leak. The U.K. government is also a well-known user of the tool, hosting critical cabinet meetings over Zoom.”
This is Forbes though, the organisation that recently brought us the advice not to question anything we hear and warned that speaking English can spread COVID...
8) Zoom employees apparently ranked themselves happiest in US:
“Job-listing site Comparably just released its annual ranking of major U.S. companies with the happiest employees, and Zoom was ranked No. 1! The Happiest Employees 2019 list was based on anonymous employee feedback submitted to Comparably about fair pay, perks, benefits, and work environment.
The list was peppered with leading technology organizations, including Microsoft, Google, and Salesforce, with social media platform LinkedIn and retail giant Costco ranking Nos. 2 and 3, respectively. But it’s no surprise that the company whose core mission is “Delivering Happiness” is atop the list of organizations with the happiest employees.”
Judging by some of the other companies on this list, I’m not convinced this information can be fully trusted.
9) Alongside other questionable billionaires, Yuan is helping to “combat the health crisis and boost the economy”:
“Billionaires like tech tycoon Bill Gates; Eric Yuan, CEO of Zoom; Bernard Arnault, CEO of LVMH, Brian Chesky, CEO of Airbnb; Dallas Mavericks owner Mark Cuban and a host of others are using their financial resources to help combat the health crisis and boost the economy.”
No further details provided here about the specifics of this valuable assistance...I would assume the article might be referring to the use of zoom technology to connect patients and doctors etc, but surely this could hardly be construed as altruistic.
10) Not so great timing - The firm’s founder and CEO Eric Yuan has personally sold $38 million worth of shares already in 2020. He unloaded $10.5 million in January, $12.5 million in February, and $15.5 million in March, according to related SEC filings.
Strange timing. Can anyone explain why a man - and other major investors in Zoom - would do such a thing to his own company up until only days before the bonanza hit? Was he truly unaware of the goldmine awaiting him, or is this evidence of something more witting and nefarious?
Only just beginning, so there is definitely more to come here, as I delve deeper.
Please feel free to supply your own ZOOMachinations in the comments.
Student Laptops [GUIDE LIST]
Hey All, I have realized that quite a number of Students a seeking Laptop recommendations. So here is a list help you with your decisions. [LIST WILL BE UPDATED]
|Tonysa 15.6in HD Slim Notebook Computer||LED HD Screen 4-core 4-thread Student Netbook 4GB RAM 64GB eMMC HDD Dual Hard Drives Laptop Computer Support HDMI Output, Bluetooth, Wi-Fi, Webcam(Sliver UK)||£253.19||Budget & Student||This Laptop is very useful for taking notes with the ability of having multiple tabs, It has ultra-low platform voltage quad core processing which provides maximum power efficiency. Also it is very light therefore very portable for a university student.|
|iSTYLE 15.6-inch Windows 10 Ultra-Thin Full HD Laptop Netbook||4GB EMMC 64GB Storage Space (1.44Ghz, USB 3.0, WiFi, HDMI, BT, Intel HD Graphics) Laptop (4GB+64GB SILVER) (2GB+32GB SILVER)||£210.99||Budget & Student||This Laptop is a thin business type device, it is light as a feather and can provide easy multitasking running smoothly. It has a large button plus large touchpad for more comfortable and convenient experience. The screen display is HD, has enough space to save files and an additional expansion slot.|
|Dell Latitude E7250 12.5-Inch Laptop)||(Intel Core i5 2.3 GHz, 8 GB RAM, 128 GB HDD, Windows 7 Professional) (Refurbished||£339.99||Budget & Student||This Laptop has a bit of weight to it but still very portable. It has a subtle clean aesthetic and is capable of long lasting battery and a full HD touchscreen. Works well with web browsing, video and light gaming. This is an ultrabook that can save you money and it is great for business students.|
|Dell Latitude E7470 Laptop Notebook Computer||Intel Core Processor CPU, Genuine Microsoft Windows 10 Professional (Core i7, 16GB RAM, 512GB SDD) (Renewed)||£569.99||Student/Productivity||This device has a 720p webcam which is clear enough for online calls, the notebook has a quad panel and has a 1080p display. The graphics is enough to handle your workload, Can provide multitasking with multiple task, can stream videos and very useful for online classes with long lasting battery life|
|Lenovo IdeaPad 5 15IIL05 (81YK004XUK) 15.6" Laptop||(Graphite Grey) (Intel Core i3-1005G1 Processor, 8GB RAM, 128GB SSD, Full HD (1920 x 1080) Display, Windows 10 S)||£509.98||Student/Productivity||This Lenovo is a real all rounder, great for online classes, great for multitasking, light video editing and light gaming with a fairly powerful GPU. It has IPS display and has a good battery life of 11:24 hours which can be very useful on the go. Had enough processing power for office and internet applications with great PCMark benchmark.|
|HTC Pro CHUWI Laptop||14.1 inch, Intel N4000 Quad-Core 1.1GHz, Windows 10 Home, 8GB RAM, 1TB SSD, 2.4GHZ WiFi, Microsoft Office 2019 Professional Plus||£455.07||Student/Productivity||This device has a sleek metal design, it has good battery life which can last up to 8:11 hours with IPS display with stable viewing angles. Great for online classes, and compatible with light gaming performances with UHD Graphics 600 and can do light editing if needs be.|
|Lenovo IdeaPad 3 Laptop||15.6" Full HD (Abyss Blue) (AMD Ryzen 3 4300U, 4GB RAM, 128GB SSD, Windows 10 S, Office 365 Personal)||£429.97||Student/Productivity||This laptop is very light, portable, fast, and powerful. I'm a college student going into I.T. and I edit videos a lot. The RAM, GPU, and CPU can easily handle that type of workload for 1080p video. The Ryzen 5 3500U with Radeon Vega 8 Graphics is more than capable of handling light gaming, 1080p editing, Unity/Unreal/Blender rendering, and absolutely blazes through everyday tasks. The keyboard has a phenomenal feel to it. While it's definitely no Thinkpad keyboard, it feels much better than most laptop keyboards out there. The membranes give a nice, tactile, solid feel to each large key, providing a comfortable, solid, satisfying typing experience. The 256GB NVMe SSD gives the laptop a very snappy speed, with a near-instant boot time. While the storage capacity is definitely not vast, it makes up for it in speed. The Ideapad 3 also includes 2 USB 3.0 ports, so an external SSD/HDD is definitely a viable option if you want more storage on the laptop. The 1080p display is crisp, sharp, and beautiful (if you spend some time color adjusting the screen in the Radeon settings.) It's definitely more than viable for watching movies, streaming TV shows, or editing videos in 1080p.|
|Lenovo V145-IWL 14" Full HD Laptop||Intel Core i5-8265U, 8GB RAM, 256GB SSD, NVIDIA GeForce MX110 2GB Graphics, Windows 10 Pro, Grey - 81YB003TUK||£619.98||Light Gaming/Productivity/Student||Better for business Meet the V145 15" laptop, designed to make your everyday business better. Improve productivity and efficiency with its robust AMD processor and graphics, keep your data safe with professional-level encryption, and give your employees the comfort of its ergonomic features—wrapped up in a chassis with a sharp, clean, professional look. Can also run light gaming if needs be.|