Zoom execs dumped millions in company stock before shit hit the fan

Zoom execs dumped millions in company stock before shit hit the fan

The Next Web

Published

In more news that should hardly surprise anyone: Zoom Video execs made millions of dollars by dumping company stock during its recent price rallies. The firm’s founder and CEO Eric Yuan has personally sold $38 million worth of shares already in 2020. He unloaded $10.5 million in January, $12.5 million in February, and $15.5 million in March, according to related SEC filings. Zoom, the company‘s video conferencing app, has seen booming popularity since coronavirus (COVID-19) outbreaks began in January. [Read: SEC halts $ZOOM after coronavirus traders confuse it for Zoom app] Not only has usage skyrocketed, but so has Zoom‘s share…

This story continues at The Next Web

Full Article