Shares of Zoom Video Communications slumped to 17-month lows on Tuesday amid stiff competition from deep-pocketed rivals.
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As Covid-19 vaccination rates allow for more of a return to normal, an obvious question is, what’s next for Zoom? The answer could be a lot more than video chat.
Zoom has agreed to pay $85-million and bolster its security practices to settle a lawsuit claiming it violated users’ privacy rights by sharing personal data with Facebook, Google and LinkedIn.
Zoom Video Communications has announced a $14.7-billion all-stock deal to buy cloud-based call centre operator Five9 in its largest-ever acquisition, as competition intensifies in its core video-conferencing sector.
Google has revealed a raft of updates to its Workspace productivity suite in an effort to better compete with Microsoft’s products.
Zoom Video Communications warned on Monday its gross margins would remain under pressure going into 2021 as the surging number of free users makes it hard to offset a spike in costs.
Technology and Internet stocks have been among the standout performers in 2020, but the scale of their advance has underlined concerns over valuation.
Zoom Video Communications said on Wednesday that it’s rolling out a promised end-to-end encryption feature to secure user meetings and announced a raft of new products.
Zoom has added two-factor authentication as a new layer of security for the video conferencing app.
The latest additions to China’s list of controlled technology exports could upset a broad range of industries and raise the possibility that some global tech giants might have to split off their Chinese operations.