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.
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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.
Analysts raised price targets for Zoom Video Communications on Tuesday as its shares hit a record high, while warning that a return to office work could hamper its success.
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.
Zoom Video Communications said on Wednesday it has added over 100 features to its video conferencing as part of its 90-day plan to address security and privacy concerns.
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.
Hackers put more than half a million login details for the teleconferencing app Zoom on the dark Web, according to a report.