|Bid||2,311.86 x 900|
|Ask||2,314.69 x 1100|
|Day's range||2,295.50 - 2,320.78|
|52-week range||1,347.01 - 2,452.38|
|Beta (5Y monthly)||1.02|
|PE ratio (TTM)||30.81|
|Forward dividend & yield||N/A (N/A)|
|1y target est||2,662.50|
Microsoft's Teams is now available for consumers, as the company looks to take market share in the messaging app space.
NEW YORK, May 17, 2021 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating certain officers and directors of XL Fleet Corp. (NYSE: XL), ZoomVideo Communications, Inc. (NASDAQ: ZM), Capital One (NYSE: COF), and Alphabet Inc. (NASDAQ: GOOGL) on behalf of long-term stockholders. More information about each potential case can be found at the link provided. XL Fleet Corporation (NYSE: XL) Bragar Eagel & Squire is investigating certain officers and directors of XL Fleet Corp. following a class action complaint that was filed against XL Fleet on March 8, 2021. The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that XL Fleet’s salespeople were pressured to inflate their sales pipelines to boost the Company’s reported sales and backlog; (2) that at least 18 of the 33 customers that XL featured were inactive and had not placed an order since 2019; (3) that XL’s technology had been materially overstated and offered only 5% to 10% of fleet savings; (4) that XL lacks the supply chain and engineers to roll out new products on the announced timelines; and (5) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. For more information on our investigation into Zoom go to: https://bespc.com/cases/XL Zoom Video Communications, Inc. (NASDAQ: ZM) Bragar Eagel & Squire is investigating certain officers and directors of Zoom Video Communications, Inc. following a class action complaint that was filed against Zoom on April 7, 2020. The Complaint alleges that throughout the Class Period defendants made materially false and misleading statements regarding the Company’s business, operational and compliance policies. Specifically, defendants made false and/or misleading statements and/or failed to disclose that: (i) Zoom had inadequate data privacy and security measures; (ii) contrary to Zoom’s assertions, the Company’s video communications service was not end-to-end encrypted; (iii) as a result of all the foregoing, users of Zoom’s communications services were at an increased risk of having their personal information accessed by unauthorized parties, including Facebook; (iv) usage of the Company’s video communications services was foreseeably likely to decline when the foregoing facts came to light; and (v) as a result, the Company’s public statements were materially false and misleading at all relevant times. For more information on our investigation into Zoom go to: https://bespc.com/cases/ZM Capital One (NYSE: COF) Bragar Eagel & Squire is investigating certain officers and directors of Capital One following a class action complaint that was filed against Capital One on October 2, 2019. The complaint alleges that throughout the Class Period defendants made materially made false and/or misleading statements and/or failed to disclose that: (1) the Company did not maintain robust information security protections, and its protection did not shield personal information against security breaches; (2) such deficiencies heightened the Company's exposure to a cyber-attack; and (3) as a result, Capital One's public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages. For more information on our investigation into Capital One go to: https://bespc.com/cases/cof Alphabet Inc. (NASDAQ: GOOGL) Bragar Eagel & Squire is investigating certain officers and directors of Alphabet Inc. following a class action complaint that was filed against Alphabet on April 26, 2019. The Complaint alleges that throughout the Class Period defendants made materially false and misleading statements regarding the Company’s data security and management integrity. Specifically, defendants learned of a three-year-long software glitch in the Google+ social media network that potentially exposed the private personal data of millions of Google+ users to third-parties, and led to the discovery of other systemic vulnerabilities that further compromised the data security of Google+ users. Defendants knew of these data-security issues in March of 2018, but for months, they continued to stress to investors the importance of data security and simply warned investors about risks related to data-security issues and concerns, while concealing that these risks had already been realized and that defendants had such poor security controls and record keeping that they could not determine the scope of the data breach, identify all of the affected users, detect other data-security bugs, or protect the private personal data of the tens of millions of Google+ users. The Wall Street Journal (“WSJ”) led the exposure of defendants’ scheme, triggering governmental investigations, Congressional hearings, the shutdown of the Google+ social media network, undermined confidence in the integrity of defendants’ data security and management, and damaged investors. For more information on our investigation into Alphabet go to: https://bespc.com/cases/GOOGL About Bragar Eagel & Squire, P.C.:Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, California, and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes. Contact Information:Bragar Eagel & Squire, P.C.Brandon Walker, Esq. Melissa Fortunato, Esq.Marion Passmore, Esq.(212) firstname.lastname@example.org
(Bloomberg) -- Ride-hailing and payments giant Gojek agreed to combine with e-commerce pioneer PT Tokopedia to create the largest internet company in Indonesia, before seeking a stock-market debut at home and in the U.S.The combined entity is set to form a powerhouse in the world’s fourth most-populous nation, encompassing businesses from car-sharing and fintech to online shopping and delivery. The startups said Monday they will form a holding company called GoTo through a deal backed by shareholders including Google and Alibaba Group Holding Ltd., without providing a valuation.Gojek and Tokopedia are betting a larger size will help them better compete against rivals such as Sea Ltd. and Grab Holdings Inc. as so-called super apps gain popularity in Southeast Asia, a region of more than 650 million people. The two companies together were valued at about $18 billion during their merger talks, with Gojek shareholders set to receive 58% of the new entity’s ownership and Tokopedia holders the rest, people familiar with the matter have said.“It’s a union of equals,” Gojek co-Chief Executive Officer Andre Soelistyo, who will head the combined app giant, said during a media conference via Zoom. “We are creating probably the first platform in the world that combines very distinctive platforms -- e-commerce, on-demand and financial services -- into one larger ecosystem.”GoTo will pursue a listing by the end of 2021, with a goal of having its shares traded in both Jakarta and the U.S., Tokopedia President Patrick Cao told reporters. The company is considering all options, including an initial public offering and a deal with a special purpose acquisition company, he said. The target valuation in the public markets is between $35 billion and $40 billion, Bloomberg News has reported.A listing would give global investors another opportunity to bet on one of the world’s fastest-growing internet economies. Shares of Sea, the only major Southeast Asian internet company traded in the U.S., have more than tripled over the past year, boosted by the growing popularity of its online shopping platform Shopee and mobile gaming service.Gojek and Tokopedia have been in discussions for a possible merger since late December after Gojek’s negotiations with rival Grab collapsed. Grab last month agreed to go public in the U.S. through a combination with Altimeter Growth Corp., the largest-ever merger with a blank-check company.“This will strike a blow at Grab’s lofty aspirations, given GoTo suddenly becomes a larger, more diverse entity,” said Angus Mackintosh, founder of CrossASEAN Research. “Shopee remains a significant competitor in Indonesia in an increasing number of areas, but it now has a bigger competitor in this combined entity.”Tokopedia and Gojek estimate the combined market for on-demand transport and delivery services, e-commerce and fintech in Southeast Asia at $134 billion in 2020.Tokopedia’s Cao will retain the president’s title at the new entity, working side by side with group CEO Soelistyo, 37. William Tanuwijaya, CEO of Tokopedia, will continue to lead the online shopping pioneer he founded in 2009, while Gojek co-CEO Kevin Aluwi will continue to helm ride-hailing and delivery giant Gojek. Soelistyo will also head the payments and financial services unit GoTo Financial.Gojek was started as a call center in 2010 by Nadiem Makarim to arrange courier deliveries in Jakarta. Everything was manual: employees called motorbike drivers one by one until someone accepted an order. Makarim worked at other startups so he could keep the fledgling operation alive.Soelistyo was working at private-equity firm Northstar Group, which became the first institutional investor in the upstart in its early days.With backing from Northstar, Makarim decided in 2014 to develop a mobile app. When that debuted in early 2015, the service was so popular Gojek couldn’t cope with demand. Soelistyo joined Gojek as president that year and has helped to expand it to about 20 consumer services.He was named co-CEO together with Aluwi in October 2019 when Makarim accepted a minister’s post in Indonesia’s government and resigned from Gojek.“We were small local companies that were going up against global giants,” Aluwi said. “We are no longer underdogs. We have an opportunity to become a global, enduring, iconic company, born in Indonesia.”Goldman Sachs Group Inc. is advising Gojek, while Citigroup Inc. is assisting Tokopedia.(Updates with listing plans starting in first paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.