Tag Archives: Zoom

(Bloomberg) — Zoom Video Communications Inc., whose online conferencing services took off during the Covid-19 pandemic, agreed to acquire Five9 Inc. for $14.7 billion, using its surging stock to expand into an adjacent market that could bolster revenue as lockdowns end. The value of the all-stock offer is $200.18 a share based on the closing price for Zoom’s common stock on Friday, compared with Five9’s $177.60 price on Friday, the companies said a statement Sunday. The target firm will… Source link

Zoom (ZM) reported its fiscal Q1 2022 earnings after the closing bell on Tuesday, beating analysts’ expectations on the top and bottom line with revenue soaring 191% year-over-year. The video conferencing company saw stratospheric growth during the pandemic, and investors are closely watching its performance in the coming quarters as the pandemic wanes and people begin meeting more in person. Here are the most important numbers from the report compared with what analysts were expecting as… Source link

Zoom on iPad. David Phelan Zoom has access to a private iPad camera API, a new report claims, which allows the app to use the camera during iPad Split View multitasking. MORE FROM FORBESImportant New iPhone Feature Is A Blockbuster Success, Report SaysBy David Phelan Intriguingly, it seems to mean that only Zoom has access to this feature. Not Google Meet, not Microsoft Teams. In fact, the only other app that can access it is one of Apple’s: FaceTime. Until things change,… Source link

Media giant ABC (DIS) is seeking $2 million for 30-second ad spots during this year’s Oscars telecast on April 25, according to Variety. Last year, the network reportedly charged up to $2.8 million for a 30-second spot, whereas 2019’s show saw ads sell for an average $1.98 million — a decline of 5% from 2018, according to market research company Kantar Media. (Source: Kantar Media Division) The most recent estimate, although historically on par with year’s past, is still surprising… Source link

Zoom founder Eric Yuan Zoom founder Eric Yuan has transferred about 18 million of his shares worth more than $6bn (£4.4bn), according to a regulatory filing. Mr Yuan, who is also chief executive of the video-conferencing platform, moved roughly 40% of his stake in the company last week. The shares were shown as gifts to unspecified beneficiaries last week. Mr Yuan has seen his personal wealth rocket as Zoom became a household name during pandemic lockdowns. An increasing number of students and… Source link

TipRanks JPMorgan Bets on These 3 Stocks; Sees Over 50% Upside Potential It’s time to check in with the macro picture, to get an idea of just where markets are headed in the coming months. That’s what a JPMorgan global research team, headed up by Joyce Chang, has been doing. The JPM team starts by noting the sell-off in US Treasury bonds last week, pushing up yields as investors acted in response to inflationary fears. However, the rise in bond yields steadied on Friday, and Chang’s team… Source link

Bloomberg China Fintech Curbs That Hit Ant Were No Surprise: Ping An (Bloomberg) — China’s curbs on fintech that thwarted a massive stock sale by Ant Group Co. have been under consideration for years and weren’t a surprise to those in the industry, according to an executive at China’s biggest insurer by market value.Like Ant, Ping An Insurance (Group) Co. was in the midst of planning a public listing for a fintech unit when regulators began issuing a flurry of rules to contain the… Source link

TipRanks Goldman Sachs Predicts Over 50% Rally for These 2 Stocks Stocks started this year with heft gains, edged back last week, and now are rising again. The big tech giants led the moves, with volatility in Apple and Amazon leading the NASDAQ on its gyrations. The strategy team at investment bank Goldman Sachs have taken notice of the market shakeups, and are working out what it means for investors. According to macro strategist Gurpreet Gill, watching bond yields and stock values closely,… Source link

Google Meet and Zoom will perform better on Chromebooks thanks to new Chrome OS updates. The new updates to Chrome OS aim to address distance-learning challenges for kids and teachers. iStock/ Sushiman Trying to engage in remote learning can be hard for kids, especially when… Source link

Videoconferencing platform Zoom has had a blockbuster year, with its stock price rising more than 500 percent due to the unprecedented surge in remote work brought on by the coronavirus pandemic. But now the company is looking to expand beyond workplace video chat and into new territories, specifically email and calendar services, according to a new report from The Information. The company is already working on the email product, which the report states will be a web email service Zoom… Source link