Zoom has met with regulators to outline concerns about allegedly anticompetitive behaviour by Microsoft.
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Zoom Video Communications will cut about 1 300 jobs as demand for the company’s video conferencing services slows with the waning of the pandemic.
Zoom Video Communications projected sales and profit for the current quarter that topped Wall Street’s estimates.
Activists are warning that a new feature from Zoom analysing emotion and engagement could introduce bias and risk violating personal privacy.
Zoom’s remarkable share price surge in 2020 took a huge hit on Monday after Pfizer said the Covid-19 vaccine it’s developing prevented more than 90% of infections in a study.
In just a few hours, Zoom Video Communications CEO Eric Yuan got $4.2-billion richer after shares of his virtual-meeting company surged as much as 26% to $410 in late US trading.
Three US lawmakers have asked Zoom to clarify its data-collection practices and relationship with the Chinese government after the firm said it had suspended user accounts to meet demands from Beijing.
Zoom CEO Eric Yuan’s comments that the software company would work with law enforcement by not offering the strongest encryption for free calls has drawn strong criticism.
Zoom Video Communications nearly doubled its expectations for annual sales on Tuesday, driven by a surge in users as more people work from home and connect with friends online.
Zoom has announced plans to introduce end-to-end encryption after confirming the acquisition of a secure messaging and file-sharing service.