Zoom all set to join Nasdaq 100, Shares rise 5 percent

Zoom Video Communications, which is all set to join Nasdaq 100 on 30 April, is proving to be an indispensable tool for millions of users who are working from home. After the company announced that it is joining Nasdaq 100 after replacing Willis Towers Watson, the company’s shares rose 5 percent. This development was first spotted by CNBC.

Zoom has easily become one of the most preferred video conferencing tools in the world, and the daily users of the platform have grown to 300 million, as revealed by its CEO Eric Yuan. Prior to the Coronavirus and the lockdowns related to it, the platform had 200 million users.

“Zoom has reached 300M daily users. It doesn’t take much imagination to see them reach 1 Billion users, and changing how the world communicates forever,” tweeted Aaron Levie, CEO of Box, an enterprise cloud company.

As far as the Zoom-bombing and other security-related issues are concerned, the company's CEO said that they have announced Zoom 5.0 with added support for AES 256-bit GCM encryption. Zoom 5.0 is a part of the company’s 90-day plan to proactively identify, address, and enhance the security and privacy capabilities of the Zoom platform.

“I am proud to reach this step in our 90-day plan, but this is just the beginning. We built our business by delivering happiness to our customers. We will earn our customers’ trust and deliver them happiness with our unwavering focus on providing the most secure platform,” said Yuan in a blogpost.