The company, which was boosted by the coronavirus pandemic, continues to grow customers despite declining video conferencing.
From February to April, 497 thousand organizations bought the premium version of Zoom, which is almost 30 thousand more than in the period from November to January. Although these data suggest a slowdown in customer growth, as from February to April 2020 it exceeded 183 thousand.
Annual revenue of $ 4 billion will be almost 50% higher than in 2020, for which Zoom’s revenue has quadrupled.
Earlier, the company’s share price fell more than 40% after reaching a peak of $ 589 amid uncertainty about its future after the pandemic. Zoom’s current capitalization is nearly $ 100 billion.
At the same time, the corporation’s revenues grew compared to the periods from February to April 2020 and 2021. Last year they amounted to $ 27 million, and this year they reached $ 227 million.
Apple Inc, according to a lawsuit filed by Epic Games Inc., must allow mobile app developers to redirect users to alternative resources to pay for services in the App Store. The Wall Street Journal reported this. A 30% commission is now charged on each purchase. Judge Yvonne Gonzalez Rogers concluded that Apple’s practice was uncompetitive […]
The World Bank will provide Ukraine with a second tranche of $ 350 million, but subject to certain conditions. WB Vice President for Europe and Central Asia Anna Bjerde told Interfax-Ukraine what exactly is expected from Kyiv. “The prospects for the second tranche of the Economic Recovery Development Policy Loan depend on maintaining an adequate […]
September 13, 2021 — Stockholm, Sweden — Beetroot AB, the tech division of the Beetroot ecosystem, opens a new location in Mariupol, Ukraine. The company is currently accepting applications for over fifty software development vacancies in its international client projects. In Mariupol, Beetroot will focus on building teams of tech specialists to work on a […]
The American multinational corporation Google, fined in France for copyright infringement, has announced its intention to appeal the decision of the French regulatory authorities. This was announced on Wednesday, September 1, the chairman of the board of Google France Sebastien Missoff. “We do not agree with some legal nuances and consider the amount of the […]
As of September 1, 11,499 agreements have been concluded within the land market. Poltava (2,873.6 ha) and Kharkiv (2,747.4 ha) regions are in the lead. This was reported by the press service of the Ministry of Agrarian Policy. It is noted that 4836 notaries have applied for access to the State Land Cadastre. A total […]
In the first half of 2021, Metinvest earned $ 2.769 billion compared to a loss of $ 240 million a year earlier, according to the company’s press service. According to the financial report, as of June 30, the Group’s net debt decreased by 52% since the beginning of the year – to $ 1.016 billion, […]
The State Property Fund of Ukraine has put the Vinnytsia diamond processing plant Crystal up for privatization auction for almost 90 million hryvnias. This is stated in the message of the Foundation. It is noted that the plant not only cuts and grinds precious stones, but also makes jewelry. They produce more than five thousand […]
In the first half of the year, the National Bank suffered UAH 12 billion in losses, according to the central bank’s press service. In this regard, next year, according to the forecast, the NBU will transfer to the budget UAH 13.6 billion, which is 1.8 times less than this year (UAH 24.4 billion). It is […]
Representatives of the Russian corporation Hotel Development reported the signing of an agreement for the sale of the hotel Radisson Blu Hotel Kiev Podol, previously owned by foreign shareholders. Estimated value of the transaction is approximately $ 10 million. With regard to information about the new owner of the four-star hotel in the prestigious district […]
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Currently, there are almost 2 million entrepreneurs in Ukraine, and each of them pays an average of 13 thousand hryvnias a year. Thereby, in 2019, the turnover of the PIF`s economy amounted to 1 million dollars. “Over the past eight years, revenue from private individuals to the budget have increased by 24 times. In the […]
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Almost 100% of the shares (99.83%) of Kherson heat and power plant will be re-auctioned by the State Property Fund of Ukraine. According to preliminary data it will be held on March, 16 of this year on sale with a starting price of 155 million UAH. It is reported by the source Sehodnia.ua. Terms of […]
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Respectively to technical documents published on the website of the US Patent and Trademark Office, Apple engineers suggest using electromechanical materials for protecting electronic devices. The “smart” case will read electric and magnetic fields and change the properties at operation of certain triggers. The case itself will consist of the main body, processor, magnetic circuit […]
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Shares of Nvidia, which rose on 109.7% since the beginning of the year, reached a new high record on Monday, as a result, Nvidia’s capitalization market for the first time exceeded $ 300 billion, it is significantly higher than the estimated market of Intel in $ 210 billion. Wall Street experts said that Nvidia was […]
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German airline Lufthansa made its first flight to Lviv on April 30, after a one-year break. 79 passengers arrived in Lviv, which is almost 100% of the aircraft load. It is reported that in the first month the airline will fly three times a week, and in June the number of flights will increase to […]
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China in addition to the purchase of the coal business in Australia, aims to get the appropriate transport infrastructure for the supply of its raw material in many corners of the world, reports Bloomberg. Acquisition of Australian Yancoal Australia Ltd. (which is a part of Chinese coal-mining giant Yanzhou Coal Mining Company), a controlling stake […]
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After a sensational debut Snowflake on the NYSE on Wednesday, shares of the cloud storage and processing company are expected to fall ahead of trading on Thursday. Shares of Snowflake fell to 4.3%. Snowflake brought 28 million shares to the public market to raise $ 3.36 billion during the largest software IPO in history. Shares […]
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Pornhub has released the Christmas mercury collection XXXMas Collection. The company posted information about the holiday range on its website. The collection includes Christmas sweaters made of acrylic yarn in three colors: branded black and orange, red and white and green. Also on the site you can buy a hat, scarf, pants with the Pornhub […]
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Companies Vir Biotechnology, Inc. and GlaxoSmithKline plc (GSK) announced the global extension to phase 3 of the COMET-ICE study, which evaluates the effectiveness of monoclonal antibodies – VIR-7831 for early treatment of COVID-19 in patients at high risk of hospitalization. VIR-7831 (also known as GSK4182136) is the fully human monoclonal antibody against SARS-CoV-2, selected for […]
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As a result of a recent cyber-attack on the servers of the American mobile operator T-Mobile US, hackers stole the personal data of millions of users, said a subsidiary of the German telecommunications giant Deutsche Telekom on Wednesday, August 18. The stolen information included names and surnames, social security numbers, birth information, driver’s license data, […]
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Revenue of French LVMH Moet Hennessy – Louis Vuitton for the first three quarters of this year fell by 21% year on year and amounted to 30.348 billion euros, according to the company’s report. The strongest decline in revenue in this period was recorded in the section “selective retail trade” and “watches and jewelry” – […]
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A subsidiary of Alibaba Group – Ant Group – plans to attract $ 35 billion in the course on the Shanghai and the Hong Kong exchange. This was reported by Bloomberg. The IPO could be the largest in history, the agency emphasizes. The previous record holder, Saudi oil company Aramco, raised $ 29.4 billion. The […]
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The state food and grain corporation of Ukraine (SFGCU) provided an active work on previous years receivables return. As Ukrsadprom association reported,229 million of UAH and the taken measures into accounts of the corporation were still returned. Andrew Kovalenko, deputy director of economic security department and financial risks of JSC SFGCU noted: “Practically all receivables […]
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Fintech company Ant Group, a division of the Chinese Internet company Alibaba, plans to hold an initial public offering (IPO) on the Hong Kong Stock Exchange this year. This could become one of the largest IPOs in the world in 2020, according to Reuters citing sources aware of the situation. According to one of the […]
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In 2021, the Ukrainian economy will grow by 4%. This is stated in the updated IMF forecast. At the same time, next year growth will slow to 3.4%. Inflation in Ukraine is expected to increase to 7.9% in 2021 after declining to 2.7% in 2020, and to 6.8% in 2022. The current account surplus of […]
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