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The federal government says Vivint sales representatives unlawfully used people’s credit and identities to open accounts.
Vivint Founder, CEO Todd Pedersen to step down Vivint Smart Home Inc. said Monday that Chief Executive Todd Pedersen will step down from his role, once a successor has been found. Pedersen, who also founded the company, will remain on the integrated smart home company’s board of directors. Pedersen founded the company in 1999 as APX Alarm, then rebranded the company to Vivint in 2010. “I have decided that after 20 years of building a successful company, it is time for me to pursue my other entrepreneurial goals and devote myself to those investments and businesses,” Pedersen said. The s...
Virgin Galactic, Ormat Technologies rise; Cimarex, NGM fall by The Associated Press Last Updated May 24, 2021 at 4:44 pm EDT NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Monday: Virgin Galactic Holdings Inc., up $5.82 to $26.89. The spaceflight company’s SpaceShipTwo craft completed a successful test flight over the weekend. Ormat Technologies Inc., up $2 to $69.30. The geothermal energy company is buying two geothermal assets in Nevada for $171 million. NGM Biopharmaceuticals Inc., down $11.57 to $16.81. The biotechnology company reported disappointing resu...
VVNT earnings call for the period ending March 31, 2021.
Vivint Smart Home is on the hook for $20 million in penalties and restitution over the company's illegal use of customer credit information.