It's someone's lucky day at the delisted $150,000 Zoom Technologies.
Zoom, saw its stock spike up as high as 1,100%.
Zoom Technologies appears to be a mostly-defunct telecommunications company, and hasn't reported revenue since 2011. It trades as an over-the-counter stock, and was trading at $0.005 a share at market close on Thursday, giving it a market cap of about $15,000. But it uses the ticker symbol"Zoom," and has the added benefit of a Google Finance description that bills it as a"communications equipment company." That may have fooled trigger-happy investors who wanted to get in on Zoom, the startup — at the closing bell on Friday, this other Zoom was trading at $0.60, giving it a market cap of about $180,000.
Zoom Technologies went public in 1990 when it was valued at $92.36 per share, according to Google Finance data. The company once sold wireless communication products in the US, but it officially filed to terminate its listing with the Securities and Exchange Commission in 2015. The other Zoom, the one more formally as Zoom Video Communications, said in its S-1 that it intends to list on the Nasdaq with the ticker symbol"ZM." This Zoom could start trading as soon as April.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hot video meeting startup Zoom filed to go public, and it's profitableThe $1 billion video conferencing startup Zoom has publicly filed its S-1.
Read more »
General Motors to invest $2.7 billion in Brazil's Sao Paulo over five yearsGeneral Motors Co said on Tuesday it would invest 10 billion reais ($2.65 billio...
Read more »
Video-conferencing company Zoom files for IPO with over $300 million in sales and even a profitZoom competes with Microsoft and Google in video conferencing. And it's profitable, unlike most tech companies at the time of their IPO.
Read more »
Hot video meeting startup Zoom filed to go public, and it's profitableThe $1 billion video conferencing startup Zoom has publicly filed its S-1.
Read more »
Next Billion-Dollar Startups News: 3-D Printing Startup Markforged Raises $82 Million3-D printing startup, Markforged, doubled its funding amount after raising $82 million in a round led by Summit Partners by ElisabethAnne15
Read more »
Video-conferencing company Zoom files for IPO with over $300 million in sales and even a profitZoom competes with Microsoft and Google in video conferencing. And it's profitable, unlike most tech companies at the time of their IPO.
Read more »
Watch: Fox News host Tucker Carlson calls out liberal men with 'totally primitive attitudes in private''Do you ever think ‘I just want to break out and be honest once in a while, or no?” the commentator continued.
Read more »
Pinterest just dropped its filing to go public, revealing financials for the first timePinterest just released its IPO prospectus, joining a bevy of tech companies going public in 2019.
Read more »
Pinterest files to go public: Booked $756 million last year and claims 250 million monthly usersPinterest files to go public: Booked $756 million last year and claims more than 250 million monthly users.
Read more »