Pregame hosted over Zoom... Shares of video conferencing company Zoom have soared 63% in 3 months. As meetings turn virtual and WFH goes standard, more companies are Zooming (it earned verb status) — its quarterly sales jumped 78% from the year before. Wednesday was Zoom's biggest download day ever. Now it's offering videoconferencing to K-12 schools for free as classes move online.
Groupies wanted... Pepsi splurged almost $4B on energy drink throwback Rockstar, which Pepsi has distributed since '09. Big Bev has been shifting to "functional beverages" — think low-cal energy drinks, hard kombucha, CBD-infused liquid, and anything you drink "for a reason" besides just hydration or the alcohol. So instead of wasting years and $$$ to build up its own brand to rival Rockstar, Pepsi now owns the #3 energy functional bev ASAP.