Zoom

US tech stocks, which have helped power the gain of the market throughout this whole year, are likely to come under scrutiny.

Zoom shares fell 17% in New York on Monday, erasing US$5.1 billion from founder Eric Yuan’s net worth.

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Mahathir commented that this is “not the first time” his former deputy has claimed that he has majority support.

The tycoon, who’s best known for building some of the most iconic skyscrapers to dot Hong Kong’s skyline, first invested in the video-conferencing app in 2013.

In just a few hours, Zoom Video Communications Inc. Chief Executive Officer Eric Yuan got US$4.2 billion ($5.71 billion) richer.

Zoom plans to hire an unspecified number of engineers and sales staff and offer new services such as Zoom Phone to scale the business in the region, Abe Smith, Zoom’s head of international, said.

Not so long ago, virtual meetings were merely the stuff of sci-fi movies ­— picture a Jedi Council meeting in Star Wars: Revenge of the Sith.

As with Katrina, Covid-19 has been a godsend for a new class of security — the virus stocks which have prospered during the lockdown.

The Covid-19 pandemic is a set to disrupt every aspect of society – for better or worse. Say goodbye to life as you know it