Zoom Video Communications Inc. reported adjusted earnings today that beat analysts’ estimates, with the video conferencing company nonetheless revising its full-year forecast downwards, sending its shares into losses in online trading. Specifically, Zoom reported net income of $45.7 million, or 15 cents per share, for the second quarter, on revenue of $1.1 billion, up from […]
Tag: Zoom
US: Better.com chief apologizes for firing 900 employees via Zoom
In the face of a storm of reactions for laying off 900 employees via the Zoom video conferencing platform, the head of a US mortgage site today apologized, acknowledging the brutality of his methods. “I did not show enough respect and recognition for those fired and for their contributions,” Visal Garg, general manager of Better.com, […]
Zoom will pay tens of millions of dollars for Zoombombing and the transfer of personal data of users
Zoom Video Communications, the company behind the popular Zoom platform, agreed to pay $ 85 million and improve its security practices to settle a lawsuit that alleged the company violated users’ privacy rights. The lawsuit alleged that the platform transferred the personal data of Facebook, Google and LinkedIn users. It also talked about how hackers […]
Zoom video conferencing can now use third-party applications – Slack, Dropbox, and many more, including games
The development team of the Zoom video conferencing service, which has gained phenomenal popularity amid the coronavirus pandemic, has announced the launch of a new useful feature. Built-in third-party applications can now be launched during video conferencing. Zoom Apps was announced in October 2020 and is now fully operational. With the help of such built-in […]
Zoom, which took off during the pandemic, buys cloud startup for almost $ 15 billion
Zoom Video Communications has agreed to acquire cloud service provider Five9 for $ 14.7 billion. The deal is slated to close in the first half of 2022, Bloomberg reported. Under the agreement announced on Sunday, the deal is subject to approval by Zoom shareholders. Once the deal is approved, the cloud services company will become […]
The Zoom service was on the verge of being blocked in Russia, but nothing happened. The company will sell licenses directly to government agencies
Over the past few days, Zoom has made some noise in the Russian media space. Recently it became known that Zoom has banned its partners from selling a paid subscription to a video communication service to Russian government agencies and state-owned companies. Since the Zoom service has become very popular over the past year, this […]
One of Zoom’s Paid Features Goes Free Forever
The development team of the Zoom video conferencing service, which has gained phenomenal popularity amid the coronavirus pandemic, has announced good news for free users. The developers plan to make the automatic closed captioning feature available to all Zoom users in the fall of 2021. Users are encouraged to fill out a special form to […]