Why Zoom Video Communications Stock Popped 10% Tuesday

Motley Fool2021-03-10

The CEO just gave his shareholders a gift. What happened Shares of videoconferencing star Zoom Video Communications closed 10% higher after a busy trading day Tuesday. The big move came afterThe Wall ...

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The big move came afterThe Wall ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/03/09/why-zoom-video-communications-stock-popped-10-toda/\">Source Link</a>\n\n</div>\n","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Zoom Video Communications Stock Popped 10% Tuesday</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Zoom Video Communications Stock Popped 10% Tuesday\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-10 16:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/03/09/why-zoom-video-communications-stock-popped-10-toda/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The CEO just gave his shareholders a gift.\nWhat happened\nShares of videoconferencing star Zoom Video Communications closed 10% higher after a busy trading day Tuesday. The big move came afterThe Wall ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/03/09/why-zoom-video-communications-stock-popped-10-toda/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ZM","symbol_name":"Zoom","start_time":0,"source_url":"https://www.fool.com/investing/2021/03/09/why-zoom-video-communications-stock-popped-10-toda/","article_id":"1145921183","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1145921183","pubTimestamp":1615363722,"sourceInfo":null,"weMediaInfo":null,"summary":"The CEO just gave his shareholders a gift.\nWhat happened\nShares of videoconferencing star Zoom Video","collect":0,"end_time":0,"defaultTopTitle":"fool.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"ZM":"Zoom"},"translate_title":"Zoom Video通信股价周二暴涨10%的原因","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ZM":0.9},"content_text":"The CEO just gave his shareholders a gift.\nWhat happened\nShares of videoconferencing star Zoom Video Communications closed 10% higher after a busy trading day Tuesday. The big move came afterThe Wall Street Journalreported that company founder and CEO Eric Yuan and his wife have collectively \"transferred\" shares that they own, representing 40% of their recent ownership stake in the company, \"to unspecified recipients.\"\nSo what\nWhy are investors taking this as good news? Well, at the least, it seems the CEO and his wife didn'tsellthe shares. Judging from recent experience,that would probably have been taken as bad news. Rather, the Journal reports that the transfers were \"gifts ... from two trusts for which Mr. Yuan and his wife are co-trustees.\"\nThe Journal added that, according to a Zoom spokeswoman, \"the distributions were made in accordance with the terms of Eric Yuan and his wife's trusts, and are consistent with the Yuans' typical estate planning practices.\"\nNow what\nAnd that sounds rather innocuous. Perhaps more important than the actual share transfer is what appears to have happened to the shares themselves upon their transfer to owners other than the Yuans. Specifically, the shares converted from \"Class B\" status, in which the shares conferred the right to 10 votes each in shareholder voting, into ordinary \"Class A\" shares, in which the shares now adhere to one share, one vote rules.\nResult: The CEO and his wife have given up considerable voting power over Zoom. In so doing, they've effectively given outside shareholders a gift as well -- significantly greater voting power to control the future of Zoom Video Communications.\nThat makes all other shares of Zoom worth correspondingly more today and is a great reason for the stock price to be going up.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":7,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1145921183"}