“Zoom” is a fairly common word, an onomatopoeia frequently seen in comic and children’s books and used on television to describe something moving at speed. According to Wikipedia, there have been four movies going by that title in the last 14 years alone, two TV series (one obviously a remake of the other), five albums, eight songs and a Danish “Eurodance” group all using the moniker. Oh, yea, and at least eight companies that go or have gone by it, including an Indian carsharing service, Japanese video-game and audio companies, makers of modems and automated retail kiosks, and a pair of defunct airlines. Oh, yea, and also a cloud-based video-conferencing platform that’s become rather popular among the shelter-at-home crowd, and also a “technology” company that hasn’t filed and financials in five years during which its pink sheets peaked at 10 cents. It’s those two the SEC would like to talk to you about.

Zoom Video, which provides videoconferencing services and trades under the ticker symbol “ZM,” is a key component for many businesses shifting to remote work during the coronavirus pandemic. That’s led to the company, which went public last year, to see a surge in users and stock price rise of more than 112% this year so far… However, traders have also bid up the much smaller Zoom Technologies, which has the ticker symbol “ZOOM”. Its stock is up more than 50% this month and nearly 900% this year.

SEC pauses Zoom Technologies trading because people think it’s Zoom Video [CNBC]

Related

(Getty Images)

Have You Heard Of The Penny Stock Companies That Are Gonna Save Us?

The SEC has, too, and now you can’t trade them anymore.

‘RSH’ Ticker Symbol Soon To Be Available

Get it while you still can! Also, y'know, RIP Radio Shack.

By ETF Group / ETF Ride Systems (http://www.etf.nl/media/PDF/ETF_Mystic_Mover.pdf) [Public domain], via Wikimedia Commons

Ticker Symbol ETF Was Available. There Was Only One Thing To Do.

Have you ever wanted to own all 37 ETF provider stocks but didn't feel like putting in the work?

By Mariuszjbie (Own work) [GFDL or CC BY-SA 4.0-3.0-2.5-2.0-1.0], via Wikimedia Commons

Everything Is The Same At Kodak As Before Except The SEC Probe And Stock Price

And those two things aren’t correlated as you might expect.

GE penny

GE’s Feel-Good Accounting, Which Invented 6.2 Billion Fake Dollars, Costs Company 200 Million Real Ones

And it goes without saying that $200 million is hard to come by at the General these days.