NEW YORK: Zoom app’s users have increased to 300 million within weeks despite being banned by several governments and corporations.
The shares of the Zoom closed up nearly 5 percent in New York, and at $150.25 are now back close to peaks close to $160 hit last month before the security row erupted.
German carmaker Daimler was the latest company on Thursday to say it had banned the use of Zoom for all corporate content until further notice.
“There are some reports about security gaps and challenges regarding data protection of Zoom,” Mercedes-Benz Cars spokesperson Christoph Sedlmayr said.
Bloomberg News also reported wireless technology firm NXP had banned the app’s use with external parties, and that employees at Sweden’s Ericsson had been advised not to use it.
That adds to a list that also includes many schools around the world, Elon Musk’s venture SpaceX, Asia-focused bank Standard Chartered as well as governments in Germany, Taiwan, and Singapore.
The coronavirus lockdown in the world has driven huge growth in the use of platforms like Zoom, Skype, or Microsoft’s Teams application, with Zoom already reporting last month a 2,000 percent surge in user numbers compared to its best days last year.
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