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 glitchy to get out of a homework assignment to a professorstarting a lesson with cameos from stuffed animals. “Zoom realizes it can accelerate their growth by several years right now,” said Wayne Kurtzman, who tracks teleconferencing platforms for market research firm IDC. “Zoom is seeing the biggest increase because its product is easier and more robust than others and it’s at right time when people really need it,” Kurtzman said. “Zoom is an overnight success nine years in the making … but has, in my view, prepared for the long to support users both now and with future growth,” Kurtzman said.

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History of this topic

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, 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 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 …

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’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. …

Zoom to Temporarily Remove Its 40-Minute Time Limit on Video Calls for Hanukkah, Christmas, and New Year
4 years ago

Zoom to Temporarily Remove Its 40-Minute Time Limit on Video Calls for Hanukkah, Christmas, and New Year

News 18  

Video conferencing platform Zoom has announced that it will forego its 40-minute time limit on the final days of Hanukkah, Christmas, and New Years. The development essentially means that regular Zoom users across the world, including those in India, can connect with friends and family members over a video call on these days without any time cap. In a blog …

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 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’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 …

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 …

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 …

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