So what’s all this about Zoom bombing yesterday?
No, not that new phenomenon of incidents of ‘Zoom Bombing’ when uninvited Zoom users get into your meetings and disrupt them. But the partial outage that froze many users out of legitimate work calls and meetings and virtual learning classes and coaching.
Whilst Zoom has been one of the beneficiaries of the global lockdowns and working from home restrictions caused by the pandemic, it’s just like all other digital platforms in that it is reliant on computer-based hardware and software and internet connectivity.
And yesterday, many American Zoom users couldn’t log into the video conference platform. That resulted in their share price falling by 5% before recovering as their users’ service was mostly restored by Zoom rolling out a fix as quickly as it could.
Zoom was only set up 9 years ago and it is reported to have had around 300 million daily video meeting participants in April this year at the peak of the global pandemic lockdowns. Its share price has risen by 400% this year and by 800% since its IPO last year.
If Zoom can overcome it’s recently reported security and privacy issues can its share price continue to rise inexorably post-lockdown?