Zoom vidia was buying five nine, a cloud based call center operator, in an all stock deal worth nearly 15 billion dollars. On thursday of this week, the deal was rejected by five nine shareholders. Both companies mutually agreed not to pursue it any longer. Shares of bedbath and beyond down nearly 30 % this week after second quarter results were much lower than expected.
September ends up being the worst month of the year for investors. Merck shares pop on encouraging results from its Covid-19 pill study. Alphabet and General Motors move one step closer to getting self-driving ride-sharing services on the road in California. Amazon unveils Astro, a $1,000 robot for your home. Warby Parker makes a strong debut on Wall Street. Zoom Video and Five9 call off their marriage. Andy Cross and Ron Gross analyze those stories and the latest from Bed Bath & Beyond, McCormick, Dollar Tree, and Sherwin-Williams. They also share why PubMatic and Editas are on their radar.
Plus, Melissa Lee discusses the intersection of online betting, stock trading, and gaming in the upcoming CNBC primetime documentary “Generation Gamble”.
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