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Why zoom stock went down today.Why Zoom Video Communications Stock Went Down on Tuesday

  Latest News All Times Eastern scroll up scroll down. The metaverse offers added opportunities for a variety of tech stocks. You should be aware of the real risk of loss in following any strategy or investment commentary presented in this analysis. Growth stocks have been clobbered this year amid inflationary pressures, high interest rates, and fears of a looming recession.  

Why zoom stock went down today.Why Zoom Stock Is Down By 17% Today

 

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Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources , and more. Learn More. CEO Eric Yuan penned a blog post to address the mounting criticism. Usage of Zoom’s video-calling platform has skyrocketed amid the COVID pandemic, with Yuan noting that Zoom reached million daily meeting participants in March including both free and paid users. With that soaring usage, malicious actors have been increasingly hijacking video conferences in what is now being referred to as “Zoombombing.

The chief executive outlined steps that the tech company is taking to improve privacy and security. Zoom is immediately freezing all feature releases in order to allow its engineering teams to focus on existing issues, and conducting a comprehensive review to better understand all security problems associated with “new consumer use cases.

Zoom will also enhance its current bug bounty program and prepare a transparency report. Yuan will begin hosting weekly webinars focused specifically on privacy and security updates. Cost basis and return based on previous market day close. Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of Discounted offers are only available to new members. Calculated by Time-Weighted Return since Volatility profiles based on trailing-three-year calculations of the standard deviation of service investment returns.

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. Premium Services. Stock Advisor. View Our Services. Our Purpose:. Latest Stock Picks. Today’s Change. Current Price. So what Usage of Zoom’s video-calling platform has skyrocketed amid the COVID pandemic, with Yuan noting that Zoom reached million daily meeting participants in March including both free and paid users. Image source: Zoom Video. Zoom Video Communications.

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