Zoom walks back claims it has 300 million daily active users

The difference between daily active users and participants is that meeting participants can be counted more than once.

Eric Yuan, CEO of Zoom Video Communications poses for a photo after he took part in a bell ringing ceremony at the NASDAQ MarketSite in New York, April 18, 2019.shares dropped more than 5.5% on Thursday after the company walked back claims it has 300 million daily active users.

Zoom initially reported April 23 that it saw a 50% surge in daily users, though later updated its statement to say it had 300 million daily meeting participants. Daily active users is a key metric for companies to report platform usage. Zoom declined to provide an updated daily active user count."We are humbled and proud to help over 300 million daily meeting participants stay connected during this pandemic.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CNBC /  🏆 12. in US

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Zoom quietly edited blog post about 300 million users - Business InsiderZoom quietly retracted a claim that it had 300 million daily active users, and it spotlights a huge area of confusion about its business
Read more »

Stock market live updates: Dow drops 300, jobless claims top 30 million, best month since '74?U.S. equity futures were lower on Thursday as market participants digested strong technology earnings and another round of dismal jobless claims.
Read more »

Stocks Fall, Dow Loses 300 Points After Coronavirus Job Losses Surpass 30 MillionDismal economic data sent stocks lower.
Read more »

Maya Rudolph Reveals Kids of 'SNL' Alumni Put on 'Delightful' Zoom Talent ShowThe actress also shared her appreciation for the at-home versions of the Saturday-night variety show when she visited 'Late Night With Seth Meyers' on Monday.
Read more »

California commissioner resigns after he threw a cat during Zoom meetingChris Platzer apologized in a resignation letter for any 'harm he may have inflicted' through his actions, according to a statement released Monday by the city of Vallejo.
Read more »