Zoom Video Communications Inc ZM announced Wednesday the availability of its video conferencing services on smart displays made by major companies.
What Happened
Zoom users would be able to access the video conference service on smart displays such as Facebook Inc’s FB Portal, Alphabet Inc’s GOOGL GOOG Google Next Hub Max, and Amazon.com, Inc’s AMZN Echo Show beginning later this year, the company said in a statement.
Facebook Portal users in select regions can begin using the service in September, while other smart display users can do so by late fall, according to Zoom.
Those using Google and Amazon devices would be able to use respective smart assistants to launch video conferencing.
Why It Matters
In July, the San-Jose based company launched a standalone $599 tablet-like device of its own that it said was aimed at employees grappling with a “new normal of work.”
The Mark Zuckerberg-led social media giant announced Wednesday it was also adding Zoom rivals LogMeIn, Inc’s LOGM GoToMeeting, Verizon Communications Inc’s VZ BlueJeans, and Cisco Systems, Inc’s CSCO WebEx to Portal devices.
Price Action
Zoom shares closed almost 1.2% lower at $273.51 on Wednesday and fell nearly 0.2% in the after-hours session.
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