Zoom Daily Users Surge to 300 Million Despite Privacy Woes
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Zoom Video Communications Inc. has been lambasted for its security flaws, but the backlash hasn’t slowed growth. The company reported a 50% surge in use of the online meeting application in the past three weeks.
On April 21, more than 300 million people used Zoom’s flagship videoconferencing app, up from about 200 million on April 1, Chief Executive Officer Eric Yuan said Wednesday during a webinar focused on security. While some companies and school districts have dropped the app, Zoom’s response has reassured investors and sent shares climbing.