The SEC Really Wants Investors to Stop Buying the Wrong Zoom Stock
As the unprecedented COVID-19 pandemic continues to rage across the globe, life has been utterly upended -- including how people work. Some companies are seeing demand for their services skyrocket as the world adjusts to this new reality. With businesses asking as many employees to work from home as possible, that has driven skyrocketing usage of Zoom Video Communications' (NASDAQ: ZM) videoconferencing platform (including here at The Motley Fool).
"I'd also like to address the global impact we are seeing from the coronavirus," CEO Eric Yuan said on the last earnings call. "While this tragic situation is very fluid, Zoom is focused on using our resources to help alleviate some of the disruption and communication challenges as an alternative to in-person meetings for our employees, customers, and community."
Zoom Video is one of the few stocks that has jumped amid the crisis while the broader market tanked. There's only one problem: Many investors are buying the wrong Zoom stock.
Source Fool.com
