The most important news of the last week 26.7.2021
Zoom acquired Five9
Zoom made billion-dollar deal, company gained the provider of cloud contact center software. Five9 has value at market $14.7 billion. Acquisition is for Zoom first billion-dollar agreement and this year is the second biggest buy in technology industry in USA. Cloud company will be an operating unit of Zoom after the agreement, which is expected to close in the first half of the next year. Founder of Zoom Eric S. Yuan said that company is continuously looking for ways to enhance their platform, and the addition of Five9 is a natural fit that will deliver even more happiness and value to their customers.
5 years Zoom performance chart. (Source: Investing.com)
Appetite to borrow had increased
Demand for loans is improving, as the ECB report showed, specifically in the second quarter. The reason for the improvement in demand is the recovery period, when new orders returned and capacity utilization increased sharply in recent months, leading to new closed loans. The need to finance fixed investments also made a positive contribution to the demand for loans. Banks expect a slight deterioration or tightening in 3Q.
Seafarers threaten global supply
100,000 merchant sailors are stranded at sea and another 100,000 are stuck on shore because the Delta variant has caused confusion ashore. The corona virus forced some countries to suspend entry into the territory of visiting crews, under certain circumstances even due to medical means. It is estimated that only 2.5% of seafarers are vaccinated. The ship was bound for Australia.
Netflix loosing subscribers
Company lost around 400,000 subscribers in the U.S. and Canada. However in the Asia-Pacific region they gained more than 1 million subscribers. Netflix has strategy which is putting less money into marketing and content spend so in terms of revenue, Netflix delivered $7.3 billion, as compared to $7.16 billion in Q1. Company had forecast to add the 6 million subscribers in Q1, but finall number was only 4 million.
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