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Zoom Video Communications shares are on the mend after the company priced an offering of 5.15 million shares at $340 each, generating proceeds of $1.75 billion before expenses. That is a little larger than the $1.5 billion originally targeted.
The offering will nearly double the company’s holdings in cash and marketable securities, which stood at $1.87 billion as of the end of the October quarter. Zoom (ticker: ZM) has no long-term debt.
Stifel analyst Tom Roderick says the deal adds financial flexibility, but that he thinks the total would have to be higher in order for the company to achieve substantial growth via acquisitions. “While [the company now has] a sizable war chest, the cash alone doesn’t necessarily put potential targets like
Choosing the Right Computer Keyboard for Your Needs
Photo : Choosing the Right Computer Keyboard for Your Needs
Many people these days not only own a computer, but they use it on a daily basis for many hours either for work or personal use. This is why most of us are keen to have a high-performance system that meets our needs, as we can then use it for everything from basic browsing, work, and education to online gaming, streaming movies, and socializing.
In addition to having the right computer, you also need to ensure you choose the right accessories, as this can contribute to your overall experience and even comfort levels. One of the key accessories you may need is a keyboard, which is something you definitely need for your desktop and you may even want to invest in for your laptop if you find it easier than using the laptop keyboard. You do, of course, have to find the right keyboard for your needs, and this article contains tips to help.
Jan. 11, 2021 6:32 pm ET
Video-sharing site Rumble Inc. accused Google in a lawsuit of abusing the power of its search engine and mobile operating system to boost its YouTube video service over rivals, the latest allegation of anticompetitive conduct against the Alphabet Inc. unit.
Toronto-based Rumble, which has become popular among conservative pundits, on Monday filed an antitrust suit in federal court in California arguing that Google is “unfairly rigging its search algorithms” to place YouTube above Rumble in its search results. Rumble said Google’s behavior cost it significant numbers of viewers and advertising dollars.
The lawsuit also argues that Google’s deals to pre-install a YouTube app on mobile devices running Google’s Android operating system have unfairly deprived Rumble of viewers.
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The Fox News host last night drew parallels between Silicon Valley s ban on Donald Trump and the way it suppressed laptop story ahead of general election
Trump was banned by Twitter and Facebook after riot on Capitol Hill which left five people dead. The claimed that the president had incited violence
Hannity said that emboldened by their gagging order on the leader of the free world, tech companies were now intent on a total purge of Trump s supporters
Sean Hannity has slammed Silicon Valley s censorship of conservatives as dangerous and chilling.
The Fox News host last night drew parallels between Big Tech s ban on Donald Trump and the way it suppressed the Hunter Biden laptop story ahead of the general election.