Tag Archives: crashed

Cathie Wood picked up some shares of Zoom (ZM) this week after an earnings related meltdown.  For the founder, CEO and CIO of Ark Invest, the $56 million purchase was a no brainer given the importance of Zoom to the future of communication.  “We think there is a transformation taking place in the communication sector. Many people think of Zoom as nothing more than these video sessions. But it’s becoming much more than that. We think it’s going to, with the Zoom phone, take over the PBX… Source link

The Street is unclear on how to value Zoom as its growth slows with people returning to offices and schools, despite the lingering pandemic.  So the only course of action right now it seems — sell Zoom’s stock (ZM) and wait for more stable waters.  “We are wary of a potential demotion for Zoom from hyper-growth to growth at a reasonable price,” said Citi analyst Tyler Radke, following Zoom’s underwhelming second quarter results Monday evening. Radke called the earnings report… Source link

It’s time to back up the truck and buy the beat-up shares of pioneering crypto exchange Coinbase (COIN), contends Oppenheimer analyst Owen Lau.  Coinbase shares don’t deserve to be swept up into the latest crypto winter, according to Lau.  “We think Coinbase should not trade in lockstep with bitcoin because bitcoin can be very volatile, but at the same time because of their volatility it drives higher trading volume. It is similar to all the traditional exchanges, and we think that it’s… Source link

Internet users worldwide received a jarring reminder on Monday about just how reliant they are on Google, when the Silicon Valley giant suffered a major outage for about an hour, sending many of its most popular services offline. At a time when more people than ever are working from home because of the pandemic, Google services including Calendar, Gmail, Hangouts, Maps, Meet and YouTube all crashed, halting productivity and sending angry users to Twitter to vent about the loss of services…. Source link