The Zoom boom is real. Revenue skyrocketed 169% from the prior year to $328 million for the three months ending in April, as it became the go-to video-conferencing service for many stuck at home during the pandemic.
Zoom said Tuesday that its revenue skyrocketed 169% from the prior year to $328 million for the three months ending in April, as it became the go-to video-conferencing service for many stuck at home during the pandemic. The company reported an even more astronomical spike in business customers. There were roughly 265,400 companies with more than 10 employees using its platform, a 354% increase from the year prior.
A host of security issues emerged in early March, including controversies over the level of encryption it provides and the practice of"Zoombombing" — where trolls interrupt meetings to share profanity or pornography — prompting scrutiny from US authorities and temporary bans from schools in New York City and Singapore.Zoom responded by scrambling to make fixes, suspending all new features for a period of 90 days in order to focus on privacy and security measures.
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