Zoom stock slips as company comes clean about misleading user count

[Shawn Knight]

Bottom line: According to a Zoom spokesperson, it was a genuine oversight on their part, unintentionally referring to participants as “users” and “people.” The mistake has since been rectified in the original blog post and a note was added to the bottom of the post that identifies the error and change.

Video conferencing app maker Zoom said in a blog post earlier this month that it now has more than 300 million daily users, an admission that helped push its stock value further north.

Shortly after the post, however, The Verge noticed that Zoom had quietly changed the wording in the blog to read “300 million daily Zoom meeting participants.”

The difference between a daily active user and a meeting participant may not sound like much but in fact, is quite significant. As the publication highlights, a daily meeting participant can be counted multiple times. For example, if you have four Zoom meetings in a single day, then you are counted four times. A daily active user, on the other hand, is counted just once per day no matter how many meetings they attend.

Share value in Zoom is down nearly 6.5 percent on the day, trading at $136.99.

Zoom has been getting the lion’s share of media attention in recent months but it’s not the only work from home tool to see substantial growth as of late. Microsoft Teams now has 75 million daily active users, a 70 percent increase in just one month, while Facebook just last week launched a new product called Messenger Rooms.

Masthead credit: Menara Grafis

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https://www.techspot.com/news/85051-zoom-stock-slips-company-comes-clean-about-misleading.html

 

[stewi0001]

Also important to note that a meeting participant does not have to be a Zoom User either.

 

[Ean Mogg]

Or be naive and don't think the Chinese Government is watching all what you do even when you turn off the program, and many western governments are using this program to communicate in house which is really frightening ...

 

[ShagnWagn]

I have joined from different devices, with and without a login. Others do even in the same meeting plus different devices are flagged with different names. Add even more that have to rejoin because of technical difficulties on other devices. Then you have technical people using it multiple times for troubleshooting and building solutions. So, which number do you go off of? I would just go off of average numbers going up/down by percentages.

 

[thelatestmodel]

Or be naive and don't think the Chinese Government is watching all what you do even when you turn off the program, and many western governments are using this program to communicate in house which is really frightening ...

Sorry but this is utter nonsense

 

[Capaill]

Sorry but this is utter nonsense

In what way?
That the Chinese government is not involved, even though Zoom was created by a billionaire Chinese man living in California (who became a billionaire by creating Webex and selling it to Cisco).
Or that it cannot watch you when you turn off the program? I draw your attention to Valorant. And also to Webex which leaves your microphone enabled permanently even after the Webex session has finished.