Microsoft sees Zoom as a massive threat. The zoom is functional. But its security and confidentiality are still questionable. Microsoft may use this situation for its own benefit. Meanwhile, yesterday, the MSFT share gained 1%.
Microsoft Corporation (NASDAQ: MSFT) started growing Thursday before the market, easily increasing 0.10% to $ 165.30, mainly due to the mistakes of other companies. In addition, yesterday, the MSFT share gained 1%. But let’s explain a little. They say that a sign of a good business is its ability to take advantage of mistakes made by others. Well guess what? Microsoft can get up without even lifting a finger thanks to – Zoom Video Communications (NASDAQ: ZM). The Zoom video conferencing app has exploded in popularity in the past month, as people have been looking for ways to stay in touch virtually while taking distance from society since 2011.
However, corporate confidentiality and security is rather controversial and hackers have continued to shake up business meetings with numerous threats, homophobic and racist messages or by showing pornographic images.
US Senate urges members to avoid using zoom
These are some of the reasons why, for example, the United States Senate has urged its members not to use the Zoom Video Communications application due to security concerns. In addition, the German Foreign Ministry has in particular restricted the use of Zoom regarding a potential breach of securities and confidentiality issues.
Zoom has tried to throw it all away by calling hackers the “party planters,” but others take it more seriously. The FBI was also involved.
“We always strive to continue to provide you with a secure virtual meeting environment. Based on feedback from our community, we have chosen to enable passwords for your meetings and activate default waiting rooms starting April 5, as additional security enhancements to protect your confidentiality. “
And that’s where Microsoft comes in.
Skype is a short-term solution competing with Zoom and new features from Microsoft Teams are coming
Microsoft is a longtime leader in online meetings, especially after purchasing Skype in 2011 for $ 8.5 billion. According to the latest information, it now has around 100 million monthly users on average and 40 million people who use Skype daily.
Microsoft Corporation vice president Yusuf Mehdi said last month that the number of daily Skype users had jumped 70% on a monthly basis to 40 million and that a “220% increase” had been saved “in Skype to Skype call minutes month month during the month. “
The tech giant also pointed out that the new Microsoft Family Safety app and the new features of its Microsoft teams will be released “in the coming months”. On a newly created page on the Skype website, Microsoft is promoting Skype features, which are similar to Zoom with better security.
When it comes to Microsoft teams, Microsoft plans to replace the Skype platform with Microsoft Teams, and last month the application saw a 37% increase in the number of daily users, to 44 million from 32 million from the previous week, in the middle of an increasing distance. work due to the coronavirus epidemic which has prevented people from doing their home business.
Safety has become a priority
Microsoft CEO Satya Nadella went on to say that demand for their remote collaboration app has risen sharply in the past few weeks, especially after Washington tech giant Redmond has ordered their employees to work remotely.
Jared Spataro, corporate vice president for Microsoft 365, addressed the issue of security in a blog post:
“More than ever, people need to know that their virtual conversations are private and secure. At Microsoft, privacy and security are never an afterthought. It is our commitment to you – not only during this difficult time, but always. “
Microsoft has also just launched a Zoom consumer competitor, Meet Now, which allows people to use Skype and generate a meeting link without an account.
At the time of this writing, Microsoft stocks (MSFT) fell 0.055% pre-market to $ 165.04, while Zoom stocks (ZM) fell 1.20% to $ 116.40.
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