Zoom – The Future of Pandemic Proof Companies
Zoom has a bigger market cap than the top 7 airlines combined. Patrick Bet-David shares his thoughts on company growth and what you need to pay attention to as an entrepreneur.
Amid the COVID-19 pandemic, many people have transitioned to working and socializing from home. If these trends become the new normal, certain companies may be in for a big payoff.
Criticism: Zoom has been criticized for “security lapses and poor design choices” that have resulted in heightened scrutiny of its software. The company has also been criticized for its privacy and corporate data sharing policies. Security researchers and reporters have criticized the company for its lack of transparency and poor encryption practices. Zoom initially claimed to use “end-to-end encryption” in its marketing materials, but later clarified it meant “from Zoom endpoint to Zoom endpoint” (meaning effectively between Zoom servers and Zoom clients), which The Intercept described as misleading and “dishonest”.
In March 2020, New York State Attorney General Letitia James launched an inquiry into Zoom’s privacy and security practices