(Bloomberg) -- Zoom Video Communications Inc. said its virtual meeting application has 300 million “participants” a day, correcting an earlier claim of that number of daily active users. Shares fell about 7%.The company said last week in a blog post that its number of daily users jumped 50% to 300 million within three weeks in April. Now, the San Jose, California-based company has clarified that number to explain it includes duplicate individuals who participate in multiple meetings a day rather than representing discrete users with Zoom accounts.“We want to be clear: this was first announced in our April 22 webinar as 300 million daily participants by our CEO Eric Yuan,” Zoom said Thursday in a statement. “In a follow-up blog post on April 22 recapping this webinar, in addition to referring to participants as ‘participants,’ we also inadvertently referred to them as ‘users’ and ‘people.’ When we realized this error on...
Elon Musk is in hot water after the Tesla CEO made "fascist" stay-at-home orders. GLJ Research Founder & CEO Gordon Johnson joins Yahoo Finance’s On The Move to discuss....
How do I get a relief check as part of the $2.2 trillion economic rescue package? If your tax return shows you earned up to $75,000 in adjusted gross income, you’ll get a $1,200 payout as part of the package to help with the coronavirus pandemic. The money will be deposited into the bank account listed on your 2018 or 2019 tax return....
As many are forced to stay at home due to the coronavirus, Immunomedics is using virtual tools to introduce doctors to its new breast cancer treatment, Trodelvy. Dr. Behzad Aghazadeh, Immunomedics Executive Chairman joins Yahoo Finance to discuss....
One of the themes echoed throughout my columns has been the importance of carefully estimating intrinsic value before investing. Nothing drives this point home more forcefully than the Zoom Video Communications Inc (NASDAQ:ZM) fiasco. Zoom Video Communications's Struggles ZM is the ticker symbol for Zoom Video Communications. This is the company that produces the interactive […]...
"Coronavirus." For most of this year, most people have been just focused on the one -- the novel coronavirus dubbed SARS-CoV-19 that has infected the world with a global pandemic of COVID-19. But did you know there are more than just one kind of coronavirus? Did you know the word itself is more of an adjective than a noun?It's true. "Coronavirus" in fact describes a whole family of viruses typified by their spiky structure that resembles (to some eyes) a "crown," or "corona" -- and as luck would have it, Inovio Pharmaceuticals (INO) may be developing a knack for treating all of them.Take MERS for example, the "Middle East Respiratory Syndrome" coronavirus that was initially reported in Saudi Arabia in 2012. For years, Inovio has been working on a vaccine to treat MERS-CoV -- INO-4700. It's currently undergoing Phase 1/2a trials, and as H.C. Wainwright analyst Raghuram Selvaraju informs, it's looking...
(Bloomberg) -- The unthinkable took another step toward the new normal when Royal Dutch Shell Plc, Britain’s most valuable company, reduced its payout to shareholders for the first time since at least the Second World War.The cut is another watershed moment for an oil industry coping with tectonic shifts in global commerce even before the shock from the coronavirus pandemic and the fallout of a price war between Saudi Arabia and Russia. For yield-hungry money managers running the City of London’s pension funds, Shell’s giant dividend has provided a reliable income through decades of oil busts and financial crises. That ended on Thursday.“Nothing lasts forever,” said Paul Jackson, global head of asset allocation research at Invesco. ‘’In the current circumstances, investors have to be prepared to see dividend cuts. Just as the value of investments can go down as well as up, so can dividends.”Until the stunning announcement by Shell Chief...
