Shares of Zoom Video Communications, which rose 716% over the past 12 months, rose 5.8% during trading on Monday, but closed with an increase of 1.23%.
This is very different from the general decline in the market on Monday – major US stock indexes closed lower: the S&P 500 by 1.86%, the Dow Jones by 2.29% and the Nasdaq Composite fell by 1.64%.
The reason for the rise in shares of Zoom Video was the announcement of the launch of a new end-to-end encryption for paid users and those who use the free version worldwide. Now the codes for joining users to the Zoom video conference are available only to its administrator (initiator) and the company’s servers do not have the necessary decryption key.
This solves the data privacy and security issues that were present this spring when there was a sharp jump in the growth of Zoom Video users. Then because of these mistakes, Zoom received a blow to its reputation and lost customers such as Tesla, Daimler AG, Ericsson, NXP Semiconductors and Bank of America, the Ministry of Education of New York and other government agencies from different countries then also banned its employees from using Zoom.
In its press release on Monday, Zoom wrote that the current launched feature called “E2EE” is a previous version and the company will work on its improvements over the next 30 days, taking into account user feedback. You can enable E2EE in your web bar at the account, group, and user level.
Zoom Information Security Director Jason Lee said: “This feature is in high demand by our customers and we are very excited to implement it. It’s an honor for our encryption team, which joined us from Keybase in May and developed this impressive security feature in just six months”.
Following the announcement of this news, Zoom shares are likely to rise each time the number of Zoom users grow given previous security improvements.
Electric car maker Tesla has agreed with brokerage companies to sell its shares for a total of $ 5 billion. This was reported by Bloomberg, citing documents submitted to the US Securities and Exchange Commission (SEC). The shares will be sold at the market price. This is the third sale of Tesla shares in 2020. […]
Shares of Pfizer and BioNTech fell 1.74% and 2% (respectively) on Thursday amid news that companies will deliver half of their planned number of vaccines against COVID-19 in 2020. On November 20, Pfizer and its German partner BioNTech applied to the FDA (US Food and Drug Administration) for permission to use their vaccine in an […]
World debt will reach $ 200 trillion, which is 265% of world product, but the debt crisis is not yet expected. This was reported by Reuters, citing the forecast of analysts of the international rating agency S&P Global. It is claimed that this year the debt-to-world debt ratio has risen by 14% as a result […]
Tesla CEO Elon Musk wants to turn the Tesla plant near Berlin into the world’s largest factory for the production of batteries for electric vehicles. The businessman stated this on Tuesday, November 24, speaking via video link at the European Conference of Battery Manufacturers. The plant near Berlin will be one of a kind as […]
Shares of US electric car manufacturer Tesla continue to rise sharply amid news of the company’s future accession to the S&P index. On Tuesday, November 24, the market value of Elon Musk’s company crossed the $ 500 billion mark for the first time. Tesla shares are said to have risen nearly 550 percent this year, […]
The French company has developed an augmented reality application for digital makeup. The Signature Faces application allows you to apply filters to your face in real time. “We believe that everyone is beautiful by themselves, but in a world where the camera is always on, it’s normal to want to “play” with filters. We want […]
Shares of Zoom and other companies, which rose amid the pandemic and lockdown, fell in trading on Monday. The reason was the announcement of two biotechnology companies about the successful testing of a promising vaccine, writes CNBC. Shares of the Zoom video conferencing service fell 17.4% by the end of the trading day. Amazon and […]
Tesla Inc. paid its chairman and founder, Elon Musk, $ 3 million in compensation for D&O insurance to defend, settle disputes, or make court decisions. This was reported by Insurance Business. This insurance covers the expenses of the members of the board of directors, which are not included in the general expenses of the top […]
Agro-industrial holding Astarta-Kyiv, the ultimate beneficiary of which is Viktor Ivanchyk and company Borsch Ventures headed by Yevgeny Utkin formed a common company under the name of Agro CORE , the main activity of which will be projects in the field of development of innovative systems which manage agricultural business. This information became known from […]
NextThe American satellite company Kymeta announced the attraction of $ 85.2 million in the last round of financing. The round was led by Microsoft founder Bill Gates, who invested $ 78.5 million in the startup. Kymeta develops and manufactures high-speed satellite systems and antennas. The main product of the company is a flat satellite antenna […]
NextSources say that the air carrier is considering the Ukraine as an addition to its major markets. The largest European low-cost airlines Ryanair sizes up the Ukrainian market of air transportation, in particular, the discussions with Lviv are underway. This was announced in an interview to the forbes.net.ua by the Commercial Director of the airlines, […]
NextAs informs investment media of Ukraine InVenture, the European Commission, which is an organ of the executive branch of the European Union and is responsible for the preparation of draft laws, should provide Ukraine € 100 million if the Verkhovna Rada will take on the Energy Efficiency Fund bill. Conditions for EU investment funds in […]
NextThe American company Airbnb, which is the operator of the rental service of the same name, expects to raise $ 1 billion through an initial public offering (IPO). This is stated in a statement posted on Monday on the website of the Federal Securities and Exchange Commission. The company clarifies that its plans are “preliminary […]
NextThe “Billa-Ukraine” Company was restrainted the exploitation of the ground floor of an apartment house №27 on the Chornovil street in Kyiv, where on April 27, 2016 the opening of the supermarket was planned. This decision was concluded by the Shevchenko district court on April 21. As reported the initiative group of the residents, the […]
NextThe international business publication The Financial Times published the news that the public company Alibaba Group of China, experienced e-commerce giant, plans to become the owner of an investment holding company Intime Retail, bought its controlling stake at a price of more than two and a half billion dollars. Intime Retail owns 29 shops and […]
NextWithin 10 months of last year, Ukraine had supplied toy glass products (90.6%) in 25 countries, including most EU countries, amounting to $ 4,5mln. It is reported on the Facebook page of Natalia Mykolska – Deputy Minister of Economic Development and Trade of Ukraine. On the EU market it has sold 62.3% of Christmas decorations. […]
NextThe American information technology giant of Microsoft intends to buy the creator and developer of games ZeniMax Media for $ 7.5 billion. “On Monday, Microsoft announced plans to acquire ZeniMax Media, parent company for Bethesda Softworks, one of the world’s largest private developers and game publishers … Under the terms of the agreement, Microsoft will […]
NextAccording to information provided by the consulting firm M & A Ukraine, last year was quite successful for the national business in terms of number of deals. Foreign investors have renewed their interest in the Ukrainian market and are willing to invest in its development. The apparent leader of the 2016 year in terms of […]
NextSavvy entrepreneurs use these strategies to ensure every business partnership is a match made in heaven. Great businesses are founded on great partnerships. But great businesses can also be destroyed by bad partnerships. These entrepreneurs—and members of The Oracles—share their hard-won wisdom about what to watch out for before joining forces with a business partner. […]
NextMonte Paschi Italian bank turned up under the threat of nationalization. It was reported by international business publication Bloomberg, referring to its own sources. According to official information, currently a European financial institution needs an additional capitalization for the amount of 5 billion euros. However, currently it is impossible to realize such a task, due […]
NextUkrzaliznytsia subsidiary Center software production signed five agreements with oil provider regarding purchase of 65 thousand tons of diesel fuel. This volume should be enough for two and a half months to ensure stable passenger – and freight transport. This was announced today from the data message posted on the official website of Ukrainian Railways. […]
NextSE Antonov and Taqnia Aeronautics Co., signed an agreement on cooperation in the organization of the aircraft manufacturing complex for production of aircrafts An-132. This is stated in the press service of the Antonov. The document contains specific plans for delivering, organizing operation, after-sales support of Antonov aircrafts families of AN-132, AN-148 and AN-178. It […]
Next“Vinnitsa agro-industrial group” plans to attract financing in the amount of $ 20 million. This was said by the general director of the group, Vladimir Bartz. “We hope to raise $ 20 million. We need them to increase the land bank, to attract more equipment as well as construction of oil extraction plant at the […]
NextNext year, only a small proportion of people in the European Union will be able to get the coronavirus vaccine. Officials in European countries have not yet decided on the vaccination of citizens. This was announced by Reuters on Tuesday, October 27. “By the end of 2021, there will not be enough doses of the […]
Next