ZOOM got the users’ trust

ZOOM got the users’ trust

ZOOM starts playing in the big league of tech companies.

Yesterday was a day of records for ZOOM. It seems that the pandemic had a beneficial effect on tech companies. ZOOM closed at an all-time high, after it gained 8.9%, ending the day at $239.02.

BofA securities acknowledged the impact that the tech companies had in easing the way of communication in lockdown. It named ZOOM - the leader of videoconferencing software. Alongside ZOOM, Microsoft and RingCentral Inc. were mentioned.

ZOOM served some bad news also. Last week it announced that free users wouldn't have encrypted calls anymore, as the company tries to comply and work with law enforcement agencies and FBI if ZOOM is used in bad faith. The encrypted calls will be a feature available only to those who have fully verifiable accounts.

USA500 added 0.8%, while TECH100 gained 1.4%. This year, USA500 fell 5%, while TECH100 gained 8%.

Nothing can stop you from knowing more! Read the latest financial news on Capex.com! Register now!

Sources: marketwatch.com, forbes.com


The information presented herein is prepared by CAPEX.com and does not intend to constitute Investment Advice. The information herein is provided as a general marketing communication for information purposes only and as such it has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is not subject to any prohibition on dealing ahead of the dissemination of investment research.

Users/readers should not rely solely on the information presented herewith and should do their own research/analysis by also reading the actual underlying research. The content herewith is generic and does not take into consideration individual personal circumstances, investment experience or current financial situation.

Therefore, Key Way Investments Ltd shall not accept any responsibility for any losses of traders due to the use and the content of the information presented herein. Past performance is not a reliable indicator of future results.