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Zoom Video shares popped over 70% on Thursday morning, following an IPO that initially valued the Silicon Valley videoconferencing company at more than $9 billion. But not everyone who thinks they bought Zoom Video shares actually did so.

There are actually two Zooms. The aforementioned Zoom Video, which trades under ticker symbol ZM, and Zoom Technologies, a tiny Chinese wireless company that has the ZOOM ticker symbol. 

Zoom Technologies shares are up over 62% in early Thursday trades, with more than four times its normal trading volume. Either people are confused, or they're cynically betting that others will be.

Zoom shares soar, and so do Zoom shares

Not everyone buying into today's hot IPO have shares in the right Zoom.

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Initial public offerings (IPO)

Technology

Zoom Video shares popped over 70% on Thursday morning, following an IPO that initially valued the Silicon Valley videoconferencing company at more than $9 billion. But not everyone who thinks they bought Zoom Video shares actually did so.There are actually two Zooms. The aforementioned Zoom Video, which trades under ticker symbol ZM, and Zoom Technologies, a tiny Chinese wireless company that has the ZOOM ticker symbol. <ul><li>Zoom Technologies shares are up over 62% in early Thursday trades, with more than four times its normal trading volume. Either people are confused, or they&#x27;re cynically betting that others will be.</li></ul>

After a record economic expansion, the coronavirus pandemic sent the U.S. economy into a recession as unemployment soared to staggering heights. The country now faces urgent questions about how much stimulus is needed for reeling consumers and businesses, and what a recovery might look like.

Zoom shares soar, and so do Zoom shares

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