Hours after President Trump said Sunday he had "second thoughts" about escalating the trade war with China, the White House sought to explain his remark because it was...Politicsread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
President Donald Trump said that he would have a major trade deal with U.K. after it leaves the European Union.Politicsread more
Despite Kudlow's expectations, China said on Saturday that it strongly opposes Trump's decision to levy additional tariffs on $550 billion worth of Chinese goods, and warned...Politicsread more
President Donald Trump said Sunday he was not happy after North Korea launched short-range ballistic missiles over the weekend.Politicsread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
The announcement for Target also comes on the heels of a strong quarterly earnings report, where it showed it drove more people to stores and got them to spend more money...Retailread more
The Goldman Sachs technology M&A team, led by Sam Britton, has cashed in on its software focus and decades of experience to dominate 2019's biggest deals.Technologyread more
American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
The summit comes amid fears over a global economic slowdown, and U.S. tensions over trade allies, Iran and Russia.Politicsread more
Last year it was Slack. This year it's Zoom.
Fresh off a $100 million financing at a $1 billion valuation, the video-conferencing company now the fastest-growing business application by one measurement.
That's according to a report released on Thursday by Okta, whose identity management software gives the company visibility into what customers, ranging from small business to large enterprises, are using internally.
In Okta's previous report from March 2016, chat service Slack was gaining the quickest traction. In the past six months, Zoom's use among Okta customers has jumped 67 percent. Slack, which is now valued privately at $3.8 billion, was third with 44 percent growth, just behind Cisco's Umbrella security platform at 47 percent.
Founded in 2011 by Eric Yuan, a former executive in Cisco's collaboration unit, Zoom announced this week that it raised $100 million in a funding round led by Sequoia Capital. The Silicon Valley start-up said it's used by over 450,000 companies and that its revenue grew more than 300% from 2015 to 2016.
Yuan attributes his company's growth to making a simple, high-quality service that lets workers quickly launch video conferences from any device. The product has a basic free version for one-to-one conversations so anyone with a work e-mail address can access it.
"Legacy systems are very big and complicated to use," Yuan said on Thursday at an event at Okta's San Francisco headquarters.
Taking advantage of the recent trend in voice controls and machine learning, Yuan said Zoom also just rolled out voice-activation, so an employee can walk into a room and just say, "Hey Zoom, start a meeting."