The shares rose 40.8% to $458.08, pushing Zoom’s market value to more than $129 billion, after it reported explosive growth during the second quarter as more people paid for subscriptions, giving them more control over virtual meetings. Zoom’s revenue more than quadrupled from the same time last year to $663.5 million and profits blew past Wall Street forecasts.
Google’s parent company becomes the fourth tech company — after Apple, Amazon and Microsoft — to reach the market milestone.
