2 Apr
by Vitaliy Dadalyan
Tesla (NASDAQ: TSLA) CEO Elon Musk's rocket company SpaceX is banning employees from using video conferencing app Zoom Video Communications (NASDAQ: ZM), citing "significant privacy and security concerns," Reuters reported Wednesday. On Monday, the New York Times reported that the office of the New York Attorney General is probing Zoom's data privacy and security practices.In a letter to Zoom, the AG's office asked the telecommunications company what security measures it has taken in light of the increased traffic on its network, according to the Times.Zoom Video shares were down 10.44% at $122.70 at the time of publication Thursday. The stock has a 52-week high of $164.94 and a 52-week low of $59.94.Related Links:Zoom Shares Drop As New York Attorney General Looks Into Company's Privacy, Security PracticesZoom Video Falls Despite Q4 Earnings Beat, Strong GuidancePhoto courtesy of SpaceX. See more from Benzinga * Why Zoom Video's Stock Is Trading Higher Today * Why Zoom Video's Stock Is Trading Higher Today * Zoom Video Falls Despite Q4 Earnings Beat, Strong Guidance(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
