Buffering... Buffering... Remember when Zoom was the most profitable tech company to IPO in 2019, and its shares jumped over 50% on the first day of trading? The video conferencing leader's stock dropped 15% last week on word that growth is slowing. Zoom’s CEO wants to “focus on existing customers” — but shareholders crave new ones and some crystal-clear user growth.
Any press = Good press... Debatable. Peloton's new viral TV ad is jacked with controversy. Sexist and elitist? Arguably and most definitely. But it also has everyone chatting Peloton during the at-home fitness company’s most important sales season. Peloton shares dropped 8% last week — then the ad’s actress owned the drama by jumping into a commercial for Ryan Reynolds' gin brand, drinking her cycling-induced worries away (new trend = post-controversy sequel ads).