
Zoom Video Communications has reported a significant increase in revenue of 897% over the last five years, despite a 2% decline in stock price. The company has announced a strategic pivot away from being solely a video company, which includes a rebranding effort and the introduction of EMT Desk, a new platform aimed at transforming corporate travel. Following this announcement, Zoom's shares rose as much as 10.03% to ₹18 apiece on the Bombay Stock Exchange on November 29. Additionally, Zoom is facing legal challenges, offering $18 million to settle claims related to misleading users about video encryption.
🚨 Big move to cater corporate travel segment Shares of https://t.co/FpMux95Yan zoomed as much as 10.03% to ₹18 apiece on the BSE on Friday, November 29, a day after the company unveiled EMT Desk, an all-in-one platform tailored to transform corporate travel. The company's… https://t.co/UEtxc8WW5W
Zoom offers a further $18M for lying to users about video encryption https://t.co/SJ6wm3Lc6P by @benlovejoy
Pourquoi Zoom annonce qu'elle n'est plus une société spécialisée dans la vidéo https://t.co/yKMAqMNTZx
