Remove four small screws* and you can peel open a Zip disk. Component pieces are completely analogous to the components of a 3½" diskette. (Unclear to me is the purpose of the clear-plastic insert visible in the upper corner on the back side of the case.)
From “Zip drive” at Wikipedia: “The format became the most popular of the superfloppy products which filled a niche in the late 1990s portable storage market. However, it was never popular enough to replace the standard 3½-inch floppy disk. Zip drives fell out of favor for mass portable storage during the early 2000s as CD-RW and USB flash drives became prevalent.”
Compare the construction of this 100Mb Zip disk to the 1.44Mb 3½" floppy disk — not very different.
Iomega’s timeline is a little murky, involving EMC, Dell, and Lenovo, but Iomega was definitely acquired by EMC in 2008. “In 2013, EMC … formed a joint venture with Chinese technology company Lenovo, named LenovoEMC, that took over Iomega’s business” (“Iomega” at Wikipedia).
EMC was acquired by Dell in 2016.
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@marlboromaam No, the insert is only visible from the back side of the case and it's at the edge that's inserted into the drive bay. Also, it's not positioned over the disk itself, so it's not reading the outer edge of the disk. I think it was just a design element for appearance or aesthetics.