Zoom users top 300-million despite growing ban list, shares hit record [Toronto Globe and Mail (Ontario, Canada)]
Ericsson - American Depositary Shares each representing 1 underlying Class B share (ERIC)
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Source: Toronto Globe and Mail
Zoom users top 300-million despite growing ban list, shares hit record Shares of Zoom rose 12 per cent to a record high of $168.24 on Thursday. Dado Ruvic/Reuters Shares of Zoom rose 12 per cent to a record high of $168.24 on Thursday. Zoom video conferencing app’s user base grew by another 50% to 300 million in the last three weeks, as the company fought to quell a backlash around security and safety that has seen a number of governments and firms ban its applications. Shares of Zoom, which have surged nearly five-fold since the company went public in March last year, rose 12% to a record high of $168.24 on Thursday. Chief Executive Eric Yuan gave the numbers late on Wednesday in an update on the platform’s 90-day security plan, while also outlining the rollout next week of a new version of the app with more encryption features. German carmaker Daimler was the latest company on Thursday to say it had banned use of Zoom for all corporate content until further notice. “There are som
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