Category: Shares

Telco Giant Telstra Announces Next Step in Restructuring Plan

March 22, 2021
AustraliaBusinessfinanceSharessplitsubsidiarytelecomtelecommunicationsTelstraWorld
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Telstra is taking the next steps in its proposed corporate restructure with the telecommunications giant set to split into four branches under the new holding company, Telstra Group. The process is part of Telstra’s T22 strategy—a strategy started in 2018 to simplify operations and reduce costs by 2022. Telstra CEO Andrew Penn said in a market…

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Zoom Founder Eric Yuan Transfers Stock Worth Over $6 Billion

March 8, 2021
BusinessChinaChina Business & EconomyCompanieseric yuanfounderSharestransfersUSUS Newsworth over $6 billionzoom
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Video-conferencing platform Zoom Video Communications Inc. founder Eric Yuan transferred about 18 million shares worth over $6 billion last week, according to a regulatory filing. The transfers were related to Yuan’s estate planning practices, a Zoom spokesperson said. “The distributions were made in accordance with the terms of Eric Yuan and his wife’s trusts.” Yuan,…

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Twitter Shares Fall Even More Following Trump Ban

January 19, 2021
BusinessMarketsSharesTwitter
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Twitter shares—since President Donald Trump’s permanent ban—slid even more on Monday. As of Monday at around 11:20 a.m. ET, the San Francisco-based company’s stock was trading at $44.96—dropping about 0.50 percent. Earlier in the day, shares were trading below $44.60. On Jan. 6, during the Joint Session of Congress, the company’s shares were trading at…

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Twitter Shares Fall Following Trump Ban

January 19, 2021
BusinessMarketsSharesTwitter
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Twitter shares—since President Donald Trump’s permanent ban—slid even more on Monday before a slight rebound. As of Monday at around 11:20 a.m. ET, the San Francisco-based company’s stock was trading at $44.96—dropping about 0.50 percent. Earlier in the day, shares were trading below $44.60. But by 3:30 p.m., Twitter’s shares were up to $45.81. On…

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