−Removed: In addition to the other information set forth in this report, before deciding to invest in J2 Global or to maintain or increase your investment, you should carefully consider the factors discussed in Part I, Item 1A “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2019 (the “10-K Risk Factors”) as well as in other documents we file from time to time with the SEC, including the Quarterly Reports on Form 10-Q and any Current Reports on Form 8-K filed or to be filed by us in 2020.
+Added: In addition to the other information set forth in this report, before deciding to invest in J2 Global or to maintain or increase your investment, you should carefully consider the factors discussed in Part I, Item 1A “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2019 (the “10-K Risk Factors”) and in Part II, Item 1A “Risk Factors” in our Quarterly Report on Form 10-Q for the quarter ended March 31, 2020 (the “10-K/10-Q Risk Factors”) as well as in other documents we file from time to time with the SEC, including the Quarterly Reports on Form 10-Q and any Current Reports on Form 8-K filed or to be filed by us in 2020.
If any of these risks occur, our business, prospects, financial condition, operating results and cash flows could be materially adversely affected.
−Removed: The 10-K Risk Factors are not the only ones we face.
+Added: The 10-K/10-Q Risk Factors are not the only ones we face.
Additional risks and uncertainties not presently known to us or that we currently deem immaterial also may impair our business operations.
−Removed: There have been no material changes from the 10-K Risk Factors, except as provided below.
−Removed: The COVID-19 pandemic and related governmental response are expected to negatively affect our business, operations and financial performance.
−Removed: In March 2020, the World Health Organization declared the COVID-19 outbreak as a pandemic.
−Removed: The impact of the COVID-19 pandemic has had a negative effect on the global economy, disrupting the financial markets and creating increasing volatility and overall uncertainty.
−Removed: Among other things, the COVID-19 pandemic has resulted in travel bans around the world, declarations of states of emergency, stay- or shelter-at-home requirements, business and school closures and manufacturing restrictions.
−Removed: In addition, the COVID-19 pandemic has contributed to (i) increased unemployment and decreased consumer confidence and business generally;
−Removed: (ii) sudden and significant declines, and significant increases in volatility, in financial and capital markets;
−Removed: (iii) increased spending on our business continuity efforts, which may in turn require that we further cut costs and investments in other areas;
−Removed: and (iv) heightened cybersecurity, information security and operational risks as a result of work-from-home arrangements.
−Removed: We have adjusted certain aspects of our operations to protect our employees and customers while still seeking to meet customers’ needs for our vital cloud internet services and digital media services.
−Removed: We cannot predict at this time the extent to which the COVID-19 pandemic will continue to negatively affect our business, operations and financial performance.
−Removed: The extent of any continued or future adverse effects of the COVID-19 pandemic will depend on future developments, which are highly uncertain and outside our control, including the scope and duration of the pandemic, the direct and indirect impact of the pandemic on our employees, customers, counterparties and service providers, as well as other market participants, and actions taken by governmental authorities and other third parties in response to the pandemic.
−Removed: Nonetheless, we believe that it is likely that our business, operations and financial performance will continue to be adversely affected until the pandemic subsides and the U.S.
−Removed: and worldwide economies begin to recover.
−Removed: Further, the COVID-19 pandemic may also have the effect of heightening many of the other risks described in the section entitled “Risk Factors” in our most recent Annual Report on Form 10-K and any subsequent Quarterly Report on Form 10-Q.
−Removed: Even after the pandemic subsides, it is possible that the U.S,.
−Removed: and other major economies continue to experience a prolonged recession, which we expect would materially and adversely affect our business, operations and financial performance.
+Added: There have been no material changes from the 10-K/10-Q Risk Factors.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.