The deal was also facing increasing federal scrutiny given Zoom's ties to China, a relationship that is under federal review in New York and California, according to a recent regulatory filing. One likely reason is that Zoom's all-stock offer suddenly became much less attractive after its shares declined by 29% in the weeks following the announcement of the deal. It was also under pressure to take advantage of a surging stock price, spend a $4 billion cash war chest and diversify beyond the core business.īut that ambition fell apart Thursday evening after Five9 shareholders rejected the proposed deal. The videoconferencing company had massive success during the early days of the pandemic but was facing questions about its growth potential as more workers returned to the office this year. Read on below to find out more.Zoom's $14.7 billion deal to acquire Five9 seemed like a slam dunk. We have collected data and statistics on Zoom. It acquired Solvvy in May 2022, which sells conversational AI and automation packages to customer support centres. To fix that, Zoom is aiming to expand the amount of services it can offer to businesses. Zoom still remains a very popular service, but as most of the world has returned to some form of office work, it has lost a bit of its shine. This compares to 10 million in December 2019. The following month, this figure had risen to 300 million. Yuan stated in a blog post that over the course of May 2020, Zoom was seeing 200 million daily meeting participants.

Based on 2000+ A/B tests via SplitMetrics Optimize. Free Report: ASO Benchmarks and Mobile Trends 2022ĪSO bechmarks for 3 app categories on the App Store & Google Play.

How to buy zoom stock