A Zoom spokesperson said the Silicon Valley firm is not looking for a replacement for its president Greg Tomb who was fired. Tomb reported to CEO Eric Yuan.
With about 50 million Zoom shares, Yuan owns nearly 29 percent of the company, up from the 22 percent ownership he had when the company went public in April 2019.
Zoom chief executive Eric Yuan laid out steps Wednesday that the company is taking against problems such as data hacking and harassment by individuals who crash sessions in what is referred to as "Zoombombing."