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Yes, and I've clarified and fixed my originally badly described wording. I'll let Zoom describe this themselves. From Zoom's S-1 [1]: "In addition, we have a
by atonse 7y ago
Yes, and I've clarified and fixed my originally badly described wording. I'll let Zoom describe this themselves.
From Zoom's S-1 [1]:
"In addition, we have a high concentration of research and development personnel in China, which could expose us to market scrutiny regarding the integrity of our solution or data security features. Any security compromise in our industry, whether actual or perceived, could harm our reputation, erode confidence in the effectiveness of our security measures, negatively affect our ability to attract new customers and hosts, cause existing customers to elect not to renew their subscriptions or subject us to third-party lawsuits, regulatory fines or other action or liability, which could harm our business."
[1] https://www.sec.gov/Archives/edgar/data/1585521/000119312519083351/d642624ds1.htm https://www.sec.gov/Archives/edgar/data/1585521/000119312519...
- vikramkr 7y agoThanks for clarifying that, and yes, Zoom's s-1 writers did a good job of laying it out. The risks are real, and presenting them in an incorrect way makes it easy for people to dismiss the risks when they shouldn't. If the times comes because they're a Chinese company, and you check and see that they're a delaware c corp founded by a US citizen headquartered in the US, that would lead you to discount that risk. Clarifying that the risk comes from the development team being in a country where the government is in a contentious trade relationship with the US with an authoritarian regime (especially if the dev team isn't in one of the special economic zones) helps highlight what the risk is and confirm that it is a real threat.
- uoaei 7y ago> Any publicized security compromise in our industry, whether actual or perceived, could harm our reputation... FTFY