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welcome to tech crunch daily news a roundup of the top tech news of the day.

Zoom's latest earnings report was even better than expected.

Soft Bank announces a new fund to invest in founders of color,

and Google pulls a trending app that targets apps from China.

Here's your daily crunch for June 3rd, 2020.

First up, remote work helped Zoom grow 169% in one year, posting $328.2 million in quarter one revenue.

Zoom's customer numbers were similarly sharp, with the firm reporting that it had

265,400 customers with more than 10 seats, employees,

at the end of the quarter, which was up 3.54% from the year ago period.

Not all of the news coming out of its latest

earnings report was positive, however. CEO Eric Yuan confirmed that a plan to

implement end-to-end encryption does not in fact extend to non-paying users.

Next up, Soft Bank has launched the Opportunity Growth Fund.

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