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Zoom Video, Inc. CEO sold: $15.53m-Mar 16-17
Zoom Video Communications, Inc. is a provider of video-first communication platform and Web conferencing services. It offers cloud-native platform, which unifies cloud video conferencing, online meetings, group messaging and a software-based conference room system, which enables users to easily experience Zoom Meetings in their physical meeting spaces. Its solution offers video, audio and screen-sharing experience across Windows, Mac, Linux, Android, BlackBerry, Zoom Rooms and H.323/Session Initiation Protocol room systems, such as Polycom and Cisco Tandberg. Its solutions include Meetings, Premium Audio, Business Instant Messaging (IM), Video Webinar, Zoom Rooms, H.323/SIP Connector and Developer Platform. Its cloud video conferencing solutions include full screen and gallery view, and dual stream for dual screen. Its security solutions include secure socket layer (SSL) encryption and role-based access control. It offers its solutions to education, finance and government sectors.
>https://www.marketscreener.com/ZOOM-VIDEO-COMMUNICATIONS-57086220/company/
In 2020's coronavirus pandemic, Zoom became a major way for groups to communicate and conduct policies, educational activities, social activities, and business. In January 2017, Zoom had officially entered the unicorn club ($1 billion valuation) and attracted $100 million in Series D funding from Sequoia Capital at a billion dollar valuation. The announcement was coupled with the release of Zoom 4.0. According to CEO Yuan, the company would be banking the investment and investing in portions that need development, rather than planning a project with these funds, since Zoom has had a cash-flow-positive status in the last quarter.
On April 24, 2017, the video communications provider announced the release of the first scalable telehealth product, allowing doctors to visit their patients through video for consultation. The solution, called Zoom for Telehealth, integrates with other healthcare applications within hospital infrastructures and provides a "virtual waiting room" for patients. It also allows for signed business associate agreements to maintain HIPAA compliance for adopters.
moar here
>https://en.wikipedia.org/wiki/Zoom_Video_Communications
https://www.finviz.com/insidertrading.ashx?oc=1773298&tc=7
Snap Inc. Chief Technology Ofcr. sold: $23.24m-Mar 16
Snap Inc. is a camera company. The Company's flagship product, Snapchat, is a camera application that helps people to communicate through short videos and images known as a Snap. The Company provides Camera, Friends Page, Discover, Snap Map, Memories and Spectacles. Snapchat opens directly into the Camera, helping in creating a Snap and sending it to friends. It offers a range of creative tools that enables people to personalize and add content to their Snaps. Its chat services includes creating and watching stories, chatting with groups, making voice and video calls, and communicating through a range of stickers and Bitmojis. Memories enable users to create Snaps and stories from their saved snaps, as well as their camera roll. It also offers Spectacles, its sunglasses that make Snap. The Company's advertising products include Snap Ads and Sponsored Creative Tools, such as Sponsored Lenses and Sponsored Geofilters.
Number of employees : 3 195 people.
>https://www.marketscreener.com/SNAP-INC-34091150/company/
Snap (SNAP) Receives a Buy from J.P. Morgan
https://www.smarteranalyst.com/new-blurbs/snap-snap-receives-a-buy-from-j-p-morgan/
from 2018 IPO
NYSE execs staged trading-floor hoax to impress Snap CEO
https://nypost.com/2018/12/13/nyse-execs-used-fake-traders-on-market-floor-to-impress-snap-ceo/
https://www.finviz.com/insidertrading.ashx?oc=1699322&tc=7&b=2
POTUS Targets Smaller Producers in Plan to Buy Oil for Reserve
Up to 30 million barrels will be purchased initially. Treasury Secretary floats possibility of $20 billion oil buy.
The Trump administration’s plan to buy millions of barrels of oil for government reserves will target small to mid-size producers that have borne the brunt of the recent market meltdown.
The Energy Department will initially purchase 30 million barrels of sweet and sour crude for delivery in May and June, although requests for earlier deliveries are encouraged, the agency said Thursday. The administration plans to buy as much as 77 million barrels to fill the Strategic Petroleum Reserve, which is “mission-ready” to receive up to 685,000 barrels a day.
The move comes as the U.S. benchmark crude has plunged 66% this year amid a price war between Saudi Arabia and Russia that has squeezed a market already hurting from coronavirus-led demand destruction. Current prices are well below the breakeven price for the biggest American shale fields and threaten to throw smaller, highly indebted producers into bankruptcy.
Officials are moving quickly to help producers facing “potentially catastrophic losses,” Energy Secretary Dan Brouillette said in a statement. He characterized the price war as an “intentional disruption to world oil markets by foreign actors.” Treasury Secretary Steven Mnuchin called for even greater action to aid American producers on Thursday, saying he will recommend President Donald Trump ask Congress for as much as $20 billion to keep the Strategic Petroleum Reserve full for a decade. “Let’s go out and buy,” Mnuchin said in a Fox Business Network interview. “Fill up the reserve.”
At today’s prices, $20 billion could buy more than 800 million barrels of oil – far exceeding the reserve’s total capacity of 713.5 million barrels. Some 635 million barrels are already stored there, in underground salt caverns along the U.S. Gulf Coast.
The administration’s decision to target smaller producers could benefit mid-sized companies such as Continental Resources Inc., the shale driller owned by billionaire Harold Hamm. Hamm last week said he would file a complaint with the U.S. Department of Commerce against Saudi Arabia for “illegal” dumping of crude and on Thursday said that Senator James Inhofe has asked Commerce to begin a probe under Section 232 of the Trade Expansion Act.
https://www.bloomberg.com//news/articles/2020-03-19/trump-targets-smaller-producers-in-plan-to-buy-oil-for-reserve
The current CEO has not done well with his insider trading. Bought much in the $40 range and up. Sold a big chunk late last year in mid-$30 range
https://www.finviz.com/insidertrading.ashx?oc=1316481&tc=7
like dat..bravo
Putin will do fine. Can last a lot longer than SA with low oil prices.
Dramatically reduced external debt while increasing internal reserves.