Zoom’s revenue soars 169% as people flock to service during pandemic
4 years, 7 months ago

Zoom’s revenue soars 169% as people flock to service during pandemic

CNN  

CNN Business — The Zoom boom is real. Zoom “deployed millions of licenses for new customers,” CEO Eric Yuan said on an earnings call. Created as a business communication tool nearly a decade ago, Zoom’s popularity exploded at the beginning of this year, as millions of people in lockdown began using it to host events ranging from birthday parties to religious events and even to cabinet meetings. “Work-from-home and social distance initiatives have meaningfully accelerated the adoption and traffic on the Zoom video communications platform,” Yuan said. “As a result, we have experienced negative press related to meeting disruption, security and privacy issues.” Zoom is also facing growing competition from larger tech companies, including Facebook and Google.

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History of this topic

Zoom has changed its name – and now it wants to change the way the whole world works
1 month, 1 week ago

Zoom has changed its name – and now it wants to change the way the whole world works

The Independent  

“It was as if a photograph had suddenly come to life and begun to talk, smile, nod its head and look this way and that,” the New York Times wrote in 1927, following a demonstration at Bell Telephone Laboratories in which Herbert Hoover appeared on a screen. The early research that Hoover was showing off at Bell Labs eventually gave …

Zoom changes its name amid questions over the future of working from home
1 month, 2 weeks ago

Zoom changes its name amid questions over the future of working from home

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Zoom is rebranding, dropping the “Video” from its name and instead pitching itself …

Zoom raises annual revenue and profit forecasts, expands share repurchase
1 month, 2 weeks ago

Zoom raises annual revenue and profit forecasts, expands share repurchase

Live Mint  

-Zoom Video Communications raised its forecast for fiscal 2025 revenue and adjusted profit on Monday, anticipating robust demand for its online video conferencing software as it expands its product portfolio, and clients embrace hybrid working models. Zoom's online meeting services continue to see strong spending from its large enterprise client base as hybrid working models become the norm in many …

Zoom Lay Offs 150 Employees As Tech Companies Continue To Cut Costs
11 months ago

Zoom Lay Offs 150 Employees As Tech Companies Continue To Cut Costs

News 18  

Zoom is laying off nearly 150 employees, or less than 2 per cent of the company’s workforce. In addition to Zoom, cloud software vendor Okta also announced to lay off about 400 employees, or about 7 per cent of its workforce. Okta CEO Todd McKinnon said that the “reality is that costs are still too high”. McKinnon said the firm …

Zoom CEO Eric Yuan suggests U.S. FTC should rethink Microsoft Teams bundle
1 year, 4 months ago

Zoom CEO Eric Yuan suggests U.S. FTC should rethink Microsoft Teams bundle

The Hindu  

Zoom CEO Eric Yuan on Tuesday suggested that the U.S. Federal Trade Commission should perhaps scan the way Microsoft offers its products with the office video communication platform Teams included, due to antitrust concerns. Yuan’s comments came during the Goldman Sachs Communacopia + Technology Conference, when he was asked about Microsoft’s decision to separate Teams from the rest of its …

Zoom wants workers back in office part-time
1 year, 5 months ago

Zoom wants workers back in office part-time

The Hindu  

The company whose name became synonymous with remote work is joining the growing return-to-office trend. Zoom, the video conferencing pioneer, is asking employees who live within a 50-mile radius of its offices to work onsite two days a week, a company spokesperson confirmed in an email. The statement said the company has decided that "a structured hybrid approach – meaning …

At This Point, Zoom Could Use Another Pandemic
1 year, 5 months ago

At This Point, Zoom Could Use Another Pandemic

Slate  

For a while, Zoom was the most important company in America. Take a look at some recent headlines: • Over the weekend, full-stack developer Alex Ivanovs noted on his Stack Diary platform that Zoom had updated its terms of service, with language assuming automatic user consent for the company’s utilization of “Customer Content” and “Service Generated Data” for “machine learning, …

Zoom, which thrived on the remote work revolution, wants workers back in the office part-time
1 year, 5 months ago

Zoom, which thrived on the remote work revolution, wants workers back in the office part-time

Associated Press  

NEW YORK — The company whose name became synonymous with remote work is joining the growing return-to-office trend. Zoom, the video conferencing pioneer, is asking employees who live within a 50-mile radius of its offices to work onsite two days a week, a company spokesperson confirmed in an email. The statement said the company has decided that “a structured hybrid …

Zoom, which thrived on the remote work revolution, wants workers back in the office part-time
1 year, 5 months ago

Zoom, which thrived on the remote work revolution, wants workers back in the office part-time

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Zoom, the video conferencing pioneer, is asking employees who …

Zoom calls employees back to office, users express surprise on X
1 year, 5 months ago

Zoom calls employees back to office, users express surprise on X

India TV News  

Video conferencing platform Zoom has made a significant decision to end its work-from-home policy and has requested all employees to return to the office for the first time since the Covid-19 pandemic began. According to Insider, Zoom is adopting a hybrid model, mandating employees who live within 50 miles of any Zoom office to work in person at least two …

Zoom abruptly fires its president Greg Tomb after announcing 1,300 layoffs
1 year, 10 months ago

Zoom abruptly fires its president Greg Tomb after announcing 1,300 layoffs

India Today  

Video communications company Zoom made headlines last month when its CEO, Eric Yuan, announced the company’s decision of letting go of 1,300 employees. In a regulatory filing, Zoom announced its president Greg Tomb’s employment termination ‘without any cause’. Zoom fires president Greg Tomb As per reports, a spokesperson for the company announced that as of now, they are not looking …

Zoom to slash jobs for nearly 1,300 employees, CEO will take 98% pay cut
1 year, 11 months ago

Zoom to slash jobs for nearly 1,300 employees, CEO will take 98% pay cut

Hindustan Times  

Zoom on Tuesday announced that it will lay off about 1,300 employees, or approximately 15 per cent of its staff, becoming the latest tech company to announce significant job cuts. Yuan stated the company staffed up "rapidly" during the early days of the pandemic to support the increase in demand as people started using Zoom to video chat with friends …

Zoom to shed about 1,300 jobs as pandemic-fuelled demand slows
1 year, 11 months ago

Zoom to shed about 1,300 jobs as pandemic-fuelled demand slows

The Hindu  

Zoom Video Communications Inc said on Tuesday it would cut about 1,300 jobs, as demand for the company’s video conferencing services slows with the waning of the pandemic, and take a related charge of up to $68 million. While announcing the layoffs, which will hit nearly 15% of its workforce, Chief Executive Officer Eric Yuan said he would take a …

Video conferencing platform Zoom cuts staff by 15 per cent
1 year, 11 months ago

Video conferencing platform Zoom cuts staff by 15 per cent

New Indian Express  

SAN FRANCISCO: The company behind the Zoom video conferencing platform -- which became a household name during the pandemic -- announced Tuesday it is laying off about 15 per cent of its staff. Zoom Video Communications chief executive Eric Yuan is also taking a 98 per cent cut in salary this year and forgoing his executive bonus, he said in …

Zoom adopts new measures to bring more users: Renames chat feature and more
2 years, 3 months ago

Zoom adopts new measures to bring more users: Renames chat feature and more

Live Mint  

Zoom Video Communications Inc, a video conferencing platform said on Monday that it has renamed its chat product and added some features, including third party integration, as it looks to compete with rivals including Microsoft's Teams and Slack. The video calling app’s calling feature, now known as Zoom Team Chat, will also include features such as the ability to share …

Zoom can’t escape its own shadow
2 years, 4 months ago

Zoom can’t escape its own shadow

Live Mint  

BY DAN GALLAGHER | UPDATED AUG 23, 2022 07:03 AM EDT Videoconferencing star’s growth falls to single digits as enterprise growth can’t fully offset consumer decline Fiscal second-quarter results late Monday from Zoom Video Communications were the toughest yet for the videoconferencing provider. The pandemic rapidly remade Zoom’s business; the consumer segment went from being one-third the size of the …

Zoom acquires Liminal’s software assets to enhance virtual events offerings
3 years ago

Zoom acquires Liminal’s software assets to enhance virtual events offerings

The Hindu  

Zoom on Monday said it has acquired “certain assets” from Liminal, a startup offering event production solutions, to enhance its virtual events offerings. The software solutions including ZoomOSC and ZoomISO, which are built on Zoom’s software development kit, will help the platform bridge the gap between traditional and emerging event control apps and hardware to help theatres, broadcast studios, and …

Today's Cache | Zuckerberg's top lieutenant passes the baton
3 years, 3 months ago

Today's Cache | Zuckerberg's top lieutenant passes the baton

The Hindu  

Mark Zuckerberg’s company is looking to start a new chapter Videoconferencing app Zoom became a household name during the pandemic. As the world of video chatting apps changed, not only did Zoom’s app installs rise and plateau, the company’s share price surged and ebbed. The review by the interagency committee means the deal could get delayed, and that Zoom could …

Today's Cache | Zoom’s $14.7 bln deal
3 years, 3 months ago

Today's Cache | Zoom’s $14.7 bln deal

The Hindu  

A multi-billion-dollar deal is under review over China ties Videoconferencing app Zoom became a household name during the pandemic. As the world of video chatting apps changed, not only did Zoom’s app installs rise and plateau, the company’s share price surged and ebbed. The review by the interagency committee means the deal could get delayed, and that Zoom could get …

Zoom to pay $85 million in settlements for false encryption claims, sharing user data with Facebook and Google
3 years, 5 months ago

Zoom to pay $85 million in settlements for false encryption claims, sharing user data with Facebook and Google

India Today  

Video teleconferencing service Zoom has agreed to pay $85 million as a settlement to a lawsuit that blamed the company for sharing its user data with the likes of Facebook, Google and LinkedIn. The new settlement follows Zoom’s earlier settlement with Federal Trade Commission wherein the company agreed to the security improvements. Zoom has also been blamed for sharing user …

Zoom reaches $85 mn settlement of lawsuit over user privacy, ’Zoombombing’
3 years, 5 months ago

Zoom reaches $85 mn settlement of lawsuit over user privacy, ’Zoombombing’

Live Mint  

Zoom Video Communications Inc 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, and letting hackers disrupt Zoom meetings in a practice called Zoombombing. Zoom agreed to security measures including alerting users when meeting hosts or other participants use third-party …

No, it doesn’t need to be a Zoom
3 years, 6 months ago

No, it doesn’t need to be a Zoom

Wired  

Sravya Attaluri’s design studio is one of the many new businesses created during the pandemic. Founded in Hong Kong because Attaluri was trapped there due to Covid-19 and travel bans, the studio’s six employees are scattered across the world – in India, Hong Kong and the United States. They also began to resent appearing on camera every day: they’d got …

‘Zoom not focussed on competition, has enough ideas to execute for the next five years’
3 years, 6 months ago

‘Zoom not focussed on competition, has enough ideas to execute for the next five years’

The Hindu  

As the second wave of the Coronavirus pandemic trudges on, we are still glued to our webcams for virtual meetings. The Tamil Nadu-born technologist talks about coming to work at Zoom during a pandemic, “I’m someone who loves to go into the office and work. But now, with remote work, I know hundreds of names.” As the platform has Excerpts …

Zoom’s boom continues, earns $227 million in the most recent quarter
3 years, 7 months ago

Zoom’s boom continues, earns $227 million in the most recent quarter

Firstpost  

Zoom’s earnings fueled a 3 percent gain in Zoom’s recently slumping stock to $338 after the numbers came out. “Zoom is here to help each customer calibrate their future working model in their own way,” Yuan told analysts during a Tuesday meeting hosted on the company’s service. In a show of confidence, Zoom management projected revenue above analysts’ estimates for …

Zoom’s boom continues in 1Q, raising post-pandemic hopes
3 years, 7 months ago

Zoom’s boom continues in 1Q, raising post-pandemic hopes

Associated Press  

SAN RAMON, Calif. — Zoom is still booming, raising prospects that the video-conferencing service will be able to sustain its momentum, even as the easing pandemic lessens the need for virtual meetings. “Zoom is here to help each customer calibrate their future working model in their own way,” Yuan told analysts during a Tuesday meeting hosted on the company’s service. …

Even the chief executive of Zoom says he has ‘Zoom fatigue’
3 years, 8 months ago

Even the chief executive of Zoom says he has ‘Zoom fatigue’

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. It’s a record that some may be able …

Eric Yuan: Zoom founder transfers shares worth $6bn
3 years, 10 months ago

Eric Yuan: Zoom founder transfers shares worth $6bn

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Eric S Yuan, the founder …

Four reasons why Zoom is so exhausting and what you can do about it
3 years, 10 months ago

Four reasons why Zoom is so exhausting and what you can do about it

LA Times  

During the pandemic, the phrase “Zoom fatigue” became part of our vocabulary. “On Zoom, you’re getting eye contact 100% of the time, regardless of whether you’re speaking,” Bailenson said in an interview. Even though the gaze in that study was “socially fake” in the same way that people aren’t really staring directly at you over Zoom, it felt “perceptively real,” …

Zoom won big again. Why aren’t investors impressed?
4 years, 1 month ago

Zoom won big again. Why aren’t investors impressed?

Live Mint  

Zoom Video Communications Inc. has had a monster year in almost every way. The video-conferencing upstart got a huge boost in the spring amid Covid-induced lockdowns, and it’s still a must-have for many as the resurgent pandemic reinforces stay-at-home habits and remote-work trends. Zoom late Monday reported fiscal third-quarter financial results that beat the Wall Street consensus, including a more …

Everyone you know uses Zoom. That wasn’t always the plan for founder Eric Yuan
4 years, 1 month ago

Everyone you know uses Zoom. That wasn’t always the plan for founder Eric Yuan

CNN  

The tweet was when Eric Yuan knew something had to change. Yuan built Zoom to please his customers — to use Zoom-speak he wanted to “deliver happiness” — and for years that meant giving his business clients a high-quality video conferencing platform that was easy-to-use. Now, “Zoom is not only a business communication company, suddenly it’s becoming an infrastructure company,” …

Zoom to Lift 40-Minute Free Meeting Limit on Thanksgiving Day
4 years, 1 month ago

Zoom to Lift 40-Minute Free Meeting Limit on Thanksgiving Day

The Quint  

Video conferencing app Zoom has announced to lift its 40-minute limit on free video chats for Thanksgiving Day, to help friends and family spend more time together virtually on the US holiday. Many of Zoom's competitors have similar restrictions for the free and basic plans, including Google Meet with a 60-minute limit and Cisco Webex 50-minute limit. Zoom Video Communications …

Zoom founder drops $5 billion as vaccine hits covid winners
4 years, 2 months ago

Zoom founder drops $5 billion as vaccine hits covid winners

Live Mint  

Eric Yuan is, in many ways, the poster child for the coronavirus economy. ‘Normal Volatility’ “I don’t think the trend around e-commerce, video collaboration or shift-to-cloud will change as a result of the vaccine,” said Bloomberg Intelligence analyst Mandeep Singh. This is just normal volatility as investors look to rotate into sectors that have been depressed due to the pandemic …

Zoom shares drop after Pfizer's coronavirus vaccine announcement
4 years, 2 months ago

Zoom shares drop after Pfizer's coronavirus vaccine announcement

India Today  

Zoom, the video conferencing app with nearly 300 million daily users, witnessed a drop in share prices in the wake of Pfizer's announcement about its coronavirus vaccine candidate. After Pfizer's announcement on Monday, Zoom shares fell by 15 per cent in pre-market trading, according to a report by The Independent. The publication also reported that Zoom shares gained 635 per …

Zoom CEO Eric Yuan's Wealth Grows by $4.2 Billion After 'Blowout Quarter': Report
4 years, 4 months ago

Zoom CEO Eric Yuan's Wealth Grows by $4.2 Billion After 'Blowout Quarter': Report

News 18  

Video conferencing app Zoom Video Communications’ founder and chief executive officer Eric Yuan saw $4.2 billion added to his wealth in just a few hours as the company’s shares soared after another blowout quarter, according to a report by Bloomberg. The company’s shares surged by as much as 26 per cent on the back of a massive jump in its …

Zoom unveils $600 video conferencing device for home workers
4 years, 5 months ago

Zoom unveils $600 video conferencing device for home workers

Daily Mail  

Zoom has announced a dedicated video-conferencing device aimed specifically at home workers and retailing for a whopping $600. The new Zoom for Home device has a multi-touch display, three wide-angle cameras for HD video calls, integrated speakers and an eight-microphone array for clearer audio As a second screen, home users are given a whole extra display for video calls, meaning …

Zoom to offer end-to-end encryption for all users, trial to begin in July
4 years, 6 months ago

Zoom to offer end-to-end encryption for all users, trial to begin in July

The Hindu  

Zoom Video Communications Inc will offer its free and paying users end-to-end encryption for video calls and launch a trial version in July, the video conferencing provider said on Wednesday. The company said to help prevent abuse, it will only make the feature available to users who provide a verified phone number. The company has attracted millions of free and …

Zoom worth more than nearly 85% of the S&P 500 stocks
4 years, 6 months ago

Zoom worth more than nearly 85% of the S&P 500 stocks

CNN  

New York CNN Business — Zoom Video Communications has arguably been the biggest beneficiary of the remote work and virtual home schooling reality that many Americans now live in as a result of the Covid-19 pandemic. To put that in perspective, Zoom is a more valuable company than 417 of the firms in the S&P 500 – nearly 85% of …

ZoomInfo just went public. No, not that Zoom
4 years, 7 months ago

ZoomInfo just went public. No, not that Zoom

CNN  

New York CNN Business — A company called ZoomInfo went public on Thursday. ZoomInfo is a business-to-business database software firm founded in 2000, 11 years before Eric Yuan started Zoom Video. Earlier this year, the Securities and Exchange Commission briefly suspended trading of a tiny Chinese company named Zoom Technologies because it appeared some investors were mistaking it with Zoom …

Zoom’s rise kicked off a tech battle over video conferencing. Here’s what’s at stake
4 years, 7 months ago

Zoom’s rise kicked off a tech battle over video conferencing. Here’s what’s at stake

CNN  

San Francisco CNN Business — Before a pandemic forced millions around the world into lockdown, the phrase “video conferencing” generally conjured up an image of stuffy corporate meetings with people unable to physically be in the boardroom. “The video conferencing market is expected to witness high growth during the coronavirus outbreak,” the report said. Facebook is touting its new video …

Google reportedly mulled acquiring Zoom once but downplayed it finally
4 years, 8 months ago

Google reportedly mulled acquiring Zoom once but downplayed it finally

India Today  

Zoom is unarguably popular now, thanks to how personal and professional communications have changed over a past few coronavirus-impacted months. Inside Google, the Cloud engineers were so impressed by Zoom that they reportedly wanted to acquire the video meeting app late in 2018. According to a report by The Information, citing a person who worked with Google Cloud earlier, the …

Zoom now has 300 million users despite security flaws
4 years, 8 months ago

Zoom now has 300 million users despite security flaws

India Today  

The video conferencing app Zoom has witnessed a huge surge in daily users in April. The company also confirmed in a blog post that it has 300 million daily users. Talking about the new updates, Oded Gal, CPO of Zoom, said in a blog post, "We take a holistic view of our users’ privacy and our platform’s security. Zoom faced …

Over 500,000 Zoom accounts have been hacked and sold on the dark web: Report
4 years, 8 months ago

Over 500,000 Zoom accounts have been hacked and sold on the dark web: Report

Firstpost  

These accounts are reportedly being sold for less than a rupee each, and in some cases, they are being given away for free. Now, a report by Bleeping Computer claims that half a million Zoom accounts have been hacked and the data from these accounts have been sold on the dark web. Per the report, Cybel had reached out to …

Zoom exploits reportedly up for sale for as low as $5,000 on dark web
4 years, 8 months ago

Zoom exploits reportedly up for sale for as low as $5,000 on dark web

India Today  

Zoom is not new to the controversy centring user privacy and its protection from potential hacks and cybercrime. A new report has claimed these exploits and security flaws are on sale on the dark web for as low as $5,000. A Motherboard report, which cites a hacker who claimed to have traded such exploits, said the security flaws in the …

Zoom’s massive ‘overnight success’ actually took nine years
4 years, 9 months ago

Zoom’s massive ‘overnight success’ actually took nine years

CNN  

CNN Business — When you think of a social network, you probably imagine news feeds, birthday reminders and baby photos. Like Facebook and Twitter, it’s also become a key part of internet culture:The Facebook Group “Zoom Memes for Self Quarantines,” with nearly 395,000 members, offers a steady stream of jokes, ranging from a video of a student pretending Zoom is …

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