The company soared in popularity during the work-from-home boom of the pandemic. Zoom Video Communications serves customers worldwide. The company offers an easy-to-use communication platform and solutions for video meetings, phone calls, whiteboarding, and annotation for users to connect with anyone from anywhere. operates as a communications technology company. Will that be enough to bring decent shareholder returns to those retail investors getting in now? What Is Zoom Video Communications? The investment firm’s Zoom Investment thesis is based on the belief that Zoom’s enterprise customers will make up most of its business by the end of 2026. Zoom is also the focus of several ongoing federal investigations related to its dealings with Beijing, according to the Journal.Cathie Wood’s ARK Invest remains a fan of Zoom Video Communications ( NASDAQ: ZM) stock.
In 2020, the United States charged a China-based Zoom executive with conspiring to disrupt videoconference commemorations of the 1989 Tiananmen Square democracy protests. government has been increasing its scrutiny of Zoom on several fronts. The panel’s focus was mainly on Zoom’s ties to China.
Department of Justice-led panel, named Team Telecom, was investigating the proposed merger’s potential national security risks. Earlier in September, The Wall Street Journal reported that a U.S. The company said that the agreement had not received the required number of votes from Five9 shareholders to approve the merger. 30, 2021, Five9 announced that the two parties had mutually agreed to abandon the deal. Five9 shareholders were to receive 0.5533 share of Zoom Class A common stock for each share of Five9 Inc.Īs mentioned above, on Sept. in an all-stock transaction valued at roughly $14.7 billion. On July 18, 2021, Zoom announced that it had agreed to acquire cloud contact center solutions company Five9 Inc.
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