Cisco’s Webex participants near 600 million as pandemic flares again

Cisco’s video-conferencing app Webex clocked 590 million participants in September and is on track to record over 600 million this month, nearly double the numbers recorded in March when countries started shutting down due to the pandemic. After offices started to close down due to COVID-19, people switched on video conferencing platforms to work from home, leading to swift growth in platforms such as Webex, Zoom Video Communications Inc and Microsoft Corp’s Teams. While the expansion in Webex user numbers started in March, it has not tapered off, and attendees are at all-time highs in October amid a resurgent pandemic, Jeetu Patel, Cisco Systems Inc’s general manager for security and applications business, told Reuters.

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While the market driven by short-term sentiment influenced by the accomodative interest rate environment in the US, virus news and stimulus talks, many smart money investors are starting to get cautious towards the current bull run since March and hedging or reducing many of their long positions. Some fund managers are betting on Dow hitting […]

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Cisco’s Webex participants near 600 million as pandemic flares again

Cisco’s video-conferencing app Webex clocked 590 million participants in September and is on track to record over 600 million this month, nearly double the numbers recorded in March when countries started shutting down due to the pandemic. After offices started to close down due to COVID-19, people switched on video conferencing platforms to work from home, leading to swift growth in platforms such as Webex, Zoom Video Communications Inc and Microsoft Corp’s Teams. While the expansion in Webex user numbers started in March, it has not tapered off, and attendees are at all-time highs in October amid a resurgent pandemic, Jeetu Patel, Cisco Systems Inc’s general manager for security and applications business, told Reuters.