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Updated Jan. 15, 2021 3:55 pm ET Two apps—Signal and Telegram—are currently the No. 1 and No. 2 free app downloads in Apple’s App Store and Google’s Play Store. Millions of users flocked to the chat apps in recent weeks, according to data from Apptopia and Sensor Tower. There are a few factors behind the surge. One is concern over a privacy-policy update for the Facebook Inc.-owned WhatsApp. (After the initial publication of this article, the company delayed the policy update until May 15.) Meanwhile, the deplatforming of President Trump from prominent social networks followin...

Dreamstime Zoom Video Communications shares are on the mend after the company priced an offering of 5.15 million shares at $340 each, generating proceeds of $1.75 billion before expenses. That is a little larger than the $1.5 billion originally targeted. The offering will nearly double the company’s holdings in cash and marketable securities, which stood at $1.87 billion as of the end of the October quarter. Zoom (ticker: ZM) has no long-term debt. Stifel analyst Tom Roderick says the deal adds financial flexibility, but that he thinks the total would have to be higher in...

Microsoft (MSFT), as well as worries about how much the company’s growth will slow as the economy reopens. During the pandemic, at least, Zoom has continued to produce spectacular growth—for the fiscal third quarter ended Oct. 31, it posted revenue of $777.2 million, up 367% from a year ago. For the fiscal fourth quarter ending in January, Zoom is projecting revenue of $806 million to $811 million, with non-GAAP profits of 77 to 79 cents per share. Wall Street consensus calls for $814.4 million in revenue and profits of 80 cents per share. Prior to the offering announced today, Zoo...

Updated Jan. 12, 2021 10:52 am ET Zoom Video Communications Inc. plans to raise $1.5 billion through what would be its largest stock offering since its trading debut in 2019. The San Jose, Calif.-based company, whose videoconferencing platform has become a pandemic essential, on Tuesday also said it expects to grant its underwriter a 30-day option to buy up to an additional $225 million of Class A shares at the public offering price, less underwriting discounts and commissions. Founded in 2011, Zoom raised $447.9 million in net proceeds through its initial public offering, according...

The social-media platforms’ actions in recent days show the companies’ influence over online discourse.