Article Hero

ZOOM got the users’ trust

1592303109.jpg
Miguel A. Rodriguez
Miguel A. Rodriguez
14 settembre 2020
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


disclaimers_articles

article_share_title

article_rating_title

awful
ok
great
awesome

read_more

Miguel A. Rodriguez
Miguel A. Rodriguez
financial_writer

Miguel ha lavorato per importanti istituzioni finanziarie, come Banco Santander e Banco Central-Hispano. È autore di libri sul trading di valuta con diverse pubblicazioni alle spalle.