Zoom is being investigated by the SEC, and we bet you’ll never guess why… yep, more China drama. 💁
Zoom’s deal to acquire Five9, an American consumer-service software company, is being probed for national-security risks regarding the company’s relationship with China.
The Justice Department claims Zoom’s potential $15 billion deal to buy Five9 “poses a risk to the national security or law enforcement interests.” Zoom’s connection to China is under close surveillance more and more these days as the US seeks out the United States’ telecommunications relationships with China.
The SEC’s hold on Zoom’s deal represents a greater trend in telecommunications and big tech — are we in some kind of a telecom/big tech revolution?? 💭 Time will tell… ⏳