After all, it seemed as if this was just sloppiness: it was Facebook again which seemed to be the bad guy here. I liked this candid and immediate answer and thought the case was over with that. The information collected by the Facebook SDK did not include information and activities related to meetings such as attendees, names, notes, etc., but rather included information about devices such as the mobile OS type and version, the device time zone, device OS, device model and carrier, screen size, processor cores, and disk space." However, we were made aware on Wednesday, March 25, 2020, that the Facebook SDK was collecting device information unnecessary for us to provide our services. "We originally implemented the “Login with Facebook” feature using the Facebook SDK for iOS (Software Development Kit) in order to provide our users with another convenient way to access our platform. Zoom claimed that it didn't know that Facebook collected data and it emphasized in a blog post the fact that nothing of the data of the meeting itself was sent to Facebook: It integrated the Facebook SDK (software development kit) for ease-of-use. It had only used Facebook to be able to login to Zoom. Zoom claimed that this was not true, had never been true and that the company had no intentions in the future to do this. The rumor soon spread that Zoom sold the data to boost its revenue. but the press immediately jumped on this, especially because the Antichrist of data protection, Facebook ( FB), was involved.
#Zoom stock price nasdaq code#
Zoom responded by saying that it removed the particular code immediately. Zoom was sued by a user, Robert Cullen of Sacramento, California, who claimed that the company shared personal information without proper notice. The problems started at the end of March 2020. This is the stock performance since March 23: The stock is down 26% from its recent all-time high of $164.94.
In this article, I'll try to explain why. I actually thought it was relatively cheap. Having said that, I have looked a little closer at the stock when the Zoom user numbers were announced last week and the stock didn't seem so absurdly valued as I thought because of this new reality. Recently, I removed Zoom's stock from my Potential Multibaggers watchlist, not because I don't like it, but because at a market cap of more than $30B, I can't see it becoming a tenbagger or more anymore and that is always the aim with the Potential Multibaggers. The coronavirus pandemic gave the stock back its wings, although there has been a pullback recently because of the security problems of Zoom, to which we come back later in this article: The stock surged 72% on its debut, but the stock had a drawdown after the lock-up period expired in mid-October. In the last 90 days, there have been 17 articles about the stock on Seeking Alpha alone. Zoom Video Communications ( NASDAQ: ZM) has been a highly-debated stock since its IPO just shy of a year ago.
0 kommentar(er)
