No-K, Zoomer... Zoom's sales soared 367% last quarter, nearly quintupling from the same quarter last year and accelerating for three straight quarters. Despite the insane momentum, investors weren't impressed because Zoom's expecting just 329% sales growth this quarter (yawn). Investors were also bummed about its shrinking profit margin, so the stock fell 13% for the week. Despite the tough crowd, Zoom shares have ~6X'd in value this year.
The Undoing... of movie theaters, courtesy of HBO. Brad Pitt hit the fan on destructive news from AT&T's WarnerMedia last week: Warner Bros. will release all 17 of its 2021 movies on HBO Max at the same time they hit theaters. Dropping the entire slate of films directly to streaming = no exclusive theatrical window. AMC, the world's largest theater chain, watched its stock plunge 21% for the week.