ty nakers
markets closed for Good Friday too.
Zoom Video Communications, Inc CEO sold : $16.64m-Apr 7-8
and two recent sales by CEO and CMO
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.
from April 8th
INVESTOR ACTION ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Zoom Video Communications, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm
According to the Complaint, the Company made false and misleading statements to the market. Zoom failed to maintain appropriate data privacy and security measures. The Company falsely claimed its service featured end-to-end encryption. The Company’s users suffered an increased risk of having their personal data accessed by third parties including Facebook. The Company’s userbase was likely to shrink as news of security flaws came to light. Based on these facts, the Company’s public statements were false and materially misleading. When the market learned the truth about Zoom, investors suffered damages.
https://schallfirm.com/cases/zoom-video-communications/
Eric Yuan (born in 1970) is a Chinese Internet Entrepreneur, Founder, Business Executive, and Investor from Xuzhou. He is best known as the founder and Chief Executive Officer (CEO) of Zoom Company (Computer Software Firm). Furthermore, the 48-year-old Eric started his career as a Vice President of Engineering in WebEx Company. He was also one of the founding members of it. He joined the organization in August 1997 and served there till April 2007. Moreover, in his career, Yuan built the team from 10 engineers to more than 800 engineers worldwide. He also contributed to the company’s revenue growth from $0 to $700 million US Dollars. The estimated Eric Yuan Net worth is valued at $1.9 Billion US Dollars.
https://www.dreshare.com/eric-yuan/
https://www.finviz.com/insidertrading.ashx?oc=1773298&tc=7&b=2
CMO sauce cap#2
https://www.finviz.com/insidertrading.ashx?oc=1773299&tc=7
Apple, Inc Chief Financial Officer sold: $10.85m- Apr 7
Luca Maestri is Apple’s senior vice president and chief financial officer reporting to CEO Tim Cook. As CFO, Luca oversees the accounting, business support, financial planning and analysis, treasury, real estate, investor relations, internal audit and tax functions at Apple. Luca joined Apple in 2013 as vice president of Finance and corporate controller, and has worked closely with Apple’s senior leadership since his arrival. Luca has over 25 years of experience building and leading finance teams in global companies with significant operating scale and complexity. Prior to joining Apple, Luca was CFO at Xerox and previously at Nokia Siemens Networks.
He began his career with General Motors and spent 20 years in finance and operating roles in the Americas, Asia Pacific and Europe. While at GM, Luca was part of the team that established GM’s regional Asia Pacific operations, including manufacturing investments in China and Thailand. He later became CFO for all of GM’s operations in Europe, which spanned over 45 countries with annual net revenue of approximately $40 billion. Luca graduated from Luiss University in Rome with a bachelor’s degree in Economics and earned a master’s degree in Science of Management from Boston University.
https://www.apple.com/leadership/luca-maestri/
https://www.finviz.com/insidertrading.ashx?oc=1513362&tc=7