Please ensure Javascript is enabled for purposes of website accessibility

Zoom Is Helping Schools Closing Due to Coronavirus -- for Free

By Danny Vena - Mar 14, 2020 at 3:48PM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The videoconferencing software provider is pitching in as the number of school closures is soaring.

In recent days, governments and school boards across the country are making the difficult decision to close schools, the result of the outbreak of COVID-19 illness caused by the SARS-CoV-2 coronavirus. Zoom Video Communications (ZM -1.32%) is stepping in to help. The company announced yesterday that it was providing its videoconferencing tools to K-12 schools for free.

Zoom already has free accounts, but CEO Eric Yuan went further. Zoom first removed the time limits from complementary accounts for users in regions affected by the outbreak. Then, the company removed any limitations for public schools in Japan, Italy, and the U.S., with more countries being added. "Given that many K-12 schools are starting closing, we decided to offer Zoom access to all K-12 schools in the country starting tomorrow," Yuan wrote in an email overnight.

A person on a laptop videoconferencing with four other people.

Image source: Zoom Video Communications.

Schools in seven states (as of this writing) affecting millions of students have shuttered in recent days including Ohio, New Mexico, Oregon, California, Florida, Illinois, Virginia, as well as Washington, D.C., with more expected to follow suit. 

Zoom has emerged as one of the most important tools in the fight to educate students and help business keep working as the outbreak of coronavirus empties classrooms and offices around the country.

Mobile intelligence company Apptopia revealed on Wednesday that adoption of Zoom's videoconferencing solutions has soared worldwide this year, with global daily active users (DAUs) soaring 67% since January 1, 2020. 

Apptopia's tracking shows that on Wednesday (the most recent data available), an estimated 60,000 users in the U.S. downloaded the app, with that number soaring to 343,000 downloads worldwide. For perspective, this compares to about 27,000 in the U.S. and 90,000 worldwide just two months ago. 

It isn't just public schools that are closing their doors. Many colleges and universities are sending students home to complete the semester digitally.

 

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

Zoom Video Communications Stock Quote
Zoom Video Communications
ZM
$89.74 (-1.32%) $-1.20

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning service.

Stock Advisor Returns
330%
 
S&P 500 Returns
115%

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 05/22/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.