I’m going to guess that many of you are using Zoom for some aspects of communicating personally or professionally? I think it’s great. Business meetings work better when you can see each other.
Personally, it’s been great to get together with my cycling teams over Zoom. We aren’t riding together outside. I’m not riding outside at all. We have done some Zoom and Zwift rides. Nothing better than watch each other struggle up virtual bike climbs.
Maybe you like it so much that you think you should buy some stock in the company. You type in “Zoom.” See a quote and description.
Zoom Technologies, Inc., through its subsidiaries manufactures, researches, develops and sells electronic communication products for the mobile phones, wireless communication circuitry, and related software products.
So you hit “buy.”
It seems lots of people are doing this. Enough that the SEC put a trading suspension in place for Zoom Technologies. It’s ticker symbol is ZOOM.
The problem is that you were really interested in Zoom Video Communications. It’s ticker symbol is ZM.
Zoom Technologies also hasn’t filed any public disclosures since 2015 but still has a market value of around $30 million. Zoom Video has a market value of over $30 billion.
Zoom Tech’s price doubled to $20 in late March as we all brought Zoom Video into our personal and professional lives. It’s clear that there were a lot of poorly research trades in the mix
Sources: