Zoom is way too small to be considered “big tech,” but the videoconferencing superstar is now facing some of the challenges better-associated with its much larger tech peers—without their advantages.
The company known formally as Zoom Video Communications , which became a household name with the pandemic, is now struggling with its next act. Its proposed acquisition of Five9 is facing opposition from some of the latter’s shareholders, who are unhappy with the deal’s price. And The Wall Street Journal reported Tuesday that the Justice Department is now investigating the deal over potential national security risks given Zoom’s operations in China. The department has asked the Federal Communications Commission to defer action on the Five9 acquisition while it undertakes its review.