Zoom Steams Up Videoconferencing Rivalry

Zoom Video Communications Inc ZM has announced plans to expand its automatic live transcriptions with live translation and turn its whiteboard feature into a fully-featured app at its Zoomtopia conference.
The videoconferencing space continues to heat up with the pandemic-triggered hybrid work.
Zoom plans to provide real-time transcription for up to 30 additional languages and real-time translation across as many as 12 languages by 2022, the company wrote in its blog.
It will make Zoom Whiteboard available outside of meetings in Zoom apps and the web with options to add sticky notes, drawings, and comments and view them.
Zoom also disclosed that Facebook Inc's FB Oculus Horizon Workrooms would be able to host video meetings and connect to Zoom Whiteboard.
Price Action: ZM shares closed lower by 3.73% at $290.24 on Monday.
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