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The company initially planned to collect $1.5 billion to $1.75 billion from investors, but ended up raising more on strong demand for its shares, Chief Financial Officer Kelly Steckelberg said. “I wanted to preserve optimal flexibility for our balance sheet,” Ms. Steckelberg said, adding that Zoom didn’t earmark fu
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Zoom Video Communications, Inc. (NASDAQ: ZM) today announced that it has sold one million Zoom Phone seats shortly before it reached the two-year anniversary of the product’s general availability. This impressive growth illustrates the value Zoom Phone brings to customers with its strong service performance, reliability,
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Zoom shares slid as much as 6% in premarket trading on Tuesday after the video-conferencing group announced it will sell $1.5 billion of its stock in an underwritten public offering. The software company didn't provide a date for the offering, saying it was "subject to market and other conditions." Zoom has appointed
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Zoom has become the dominant force in the videoconferencing space, and with more people working from home, the company apparently has ambitions to move in on other territory. The Information reports Zoom is exploring ways to expand beyond videoconferencing with an email and calendar service. If true, the company could po
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A former China liaison at Zoom has been indicted by the US for interfering in meetings, monitoring users and fabricating evidence against them as per Beijing’s instructions. Xinjiang (“Julien”) Jin, faces a maximum 10 years in prison if found guilty of conspiracy to commit interstate harassment and unlawful conspir
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Zoom Video Communications, Inc. (NASDAQ:ZM) today announced that it will expand its presence in Singapore by opening a new Research and Development Center, where it will hire hundreds of key engineering headcount. Zoom will also expand its co-located data center in the country. This commitment represents a growing strategic
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Zoom Video Communications, Inc. (NASDAQ: ZM), a leading provider of video-first unified communications, today announced financial results for the third fiscal quarter ended October 31, 2020. “We remain focused on the communication needs of our customers and communities as they navigate the current environment and adapt
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Federal regulators are requiring Zoom to strengthen its security in a proposed settlement of allegations that the video conferencing service misled users about its level of security for meetings. The settlement was announced Monday by the Federal Trade Commission. A complaint filed by the agency accused Zoom of deceiving
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Zoom Video Communications, Inc. (NASDAQ: ZM) announced that Janet Napolitano has joined its Board of Directors effective today, November 2. Napolitano is an accomplished attorney who has dedicated much of her career to public service as an attorney general, Governor, cabinet member, and university administrator. She serv
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Zoom Video Communications, Inc. (NASDAQ: ZM) will release results for its third quarter of fiscal year 2021 on Monday, November 30, 2020, after the market closes. A live Zoom Video Webinar of the event can be accessed at 2:30 pm PT / 5:30 pm ET through Zoom’s investor relations website at https://investors.zoom.us. A r
