Zoom will change its company name to get rid of its focus on video

- Zoom's Q3 2024 revenue grew 4% to $1.18 billion - The figure is two years of modest growth - Meanwhile, Zoom's business tripled in 2020 and 2021 - Net income grew by $66 million, already up to $207.1 million - Number of corp. customers was 192.4k (+800pc) - Zoom's revenue for the new quarter will be $1.175-1.18 billion - The company also raised its outlook for the full fiscal year 2025 - Zoom's revenue for it should be $4.656-4.661 billion - The midpoint of the range implies growth of about 3% - Zoom has launched webinars with up to 1 million people - It also announced its name change - Zoom Video Communications will remove the “Video” from its name - The new full name will be Zoom Communications Inc - This change reflects the evolution of the entire company - Zoom is working on a working AI platform

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BNPL service Klarna nears profitability ahead of possible IPO

- Klarna almost reached the breakeven level for 9M - Klarna's loss for 9M. 2024 decreased to $180 th - For the same period a year ago the loss was $161 mln - The service's revenue grew by 23% to $1.9 bln - Earlier, the Swedish service applied for an IPO - It is not clear yet how many shares and at what price will be offered - Analysts estimate BNPL service at $14.6 bln - Net income for Q3 2024 was

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Stephanie Turner

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6 months ago

Some of Revolut's early investors were able to sell more than $300 million worth of stock

- Revolut allowed a number of early investors to sell their shares - The buyers were wealthy Goldman Sachs clients - Sources say the sale amount was $300-500 million - As part of the deal, the valuation of the fintech company was $45 billion - Initial investors: Index Ventures, Balderton, Seedcamp, etc. - Previously, Revolut allowed the sale of shares to its employees - The deal size for the emplo

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Zoom will change its company name to get rid of its focus on video

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BNPL service Klarna nears profitability ahead of possible IPO

Some of Revolut's early investors were able to sell more than $300 million worth of stock