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Instablog9ja
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Former President Olusegun Obasanjo has said most of those at the helm of affairs should be behind bars.
Obasanjo spoke at his residence in Abeokuta, Ogun State, while receiving six members of the House of Representatives who are co-sponsors of bills on single term of six year, rotational of presidency between the north and the south as well as rotation of governorship slot among the three senatorial districts of each of the 36 states.
According to DailyTrust, he said: “Our main problem is ourselves and until we take care of ourselves it doesn’t matter we may have one term of four years one term of six years, one term of seven years if it’s the same people and same mentality and way we do things then it won’t change.
Yes, the system; yes, democracy. We have to rethink democracy. We have to rethink form of government. But what about the character of the people in government? With all due respect most of them should be behind the bar, some should even be in the g@llows and that is the truth.
Now if these are the people that are ruling us then what do you expect? It doesn’t matter whether you or whatever you make it, it will not, so the point is the character of the people that are coming to government. Their attributes, the sort of people they truly are.
So, we need to really think about how we select leaders, what should be the character of a leader we select? What should be their track record ? Where should we find them? Are they role models? And I think those are the first things we have to think about.”
Zoom Video Communications Inc. (ZM), better known as Zoom, provides video and web conferencing services as well as voice, chat, and content-sharing services for use across many kinds of devices.
The company was founded in 2011 and saw tremendous growth when the COVID-19 pandemic prompted a large-scale, global shift toward remote work across many industries. Zoom had more than 191,000 Enterprise customers as of the first quarter of fiscal year 2025, Investor interest in Zoom soared along with the company's surge in profits and revenue.
The top shareholders of Zoom are Eric. S Yuan, Santiago Subotovsky, Kelly Steckelberg, Vanguard Group, BlackRock, and Fidelity Investments.
The company had a trailing 12-month (TTM) revenue of $4.56 billion, a TTM net income of $718.55 million, and a market capitalization of $17.32 billion as of August 2024.
This list reflects direct ownership. It doesn't include indirect ownership of shares or shares accessible through stock options.
The term "insider" refers to people in senior management positions and members of the board of directors, as well as people or entities that own more than 10% of the company's stock. It has nothing to do with insider trading in this context.
Eric S. Yuan owned 22,692,536 Class A and Class B shares of Zoom as of March 31, 2024.
Yuan is the chief executive officer (CEO) of Zoom which he founded in 2011. Yuan held several executive positions at Cisco before Zoom where he was responsible for collaboration software development. He was also the founding engineer of WebEx at Cisco which sells conferencing and videoconferencing services.
Yuan helped grow sales to $800 million at WebEx. The net worth of Yuan and his family is $3.8 billion which puts them at #756 on the Forbes billionaires list.
Santiago Subotovsky owned 6,644,384Class A and Class B Zoom shares as of March 31, 2024.
Subotovsky is a general partner at venture capital firm Emergence Capital and is the founder of AXG Tecnonexo, an e-learning vendor in Latin America. He's also served on the boards of companies including Airkit, Civitas Learning, CrunchBase, High Alpha, and Openpath.
Kelly Steckelberg owned 943,911 Class A and Class B shares of Zoom as of March 31, 2024.
Steckelberg is Zoom's chief financial officer. She previously served as COO, CFO, and CEO of the dating site Zoosk. Forbes named her to its America's Self-Made Women Net Worth list with a net worth of $415 million in 2021. Forbes indicated that much of that money was derived from Zoom stock options.
Institutional investors hold the majority of Zoom shares at 68.95% of total shares outstanding as of August 2024.
Vanguard Group is the largest institutional shareholder of Zoom, holding 23.4 million shares as of Aug. 6, 2024. This represents 8.8% of the total shares outstanding.
Vanguard is an investment management firm that operates numerous mutual funds and exchange-traded funds (ETFs) with a client base that consists of individuals, financial institutions, and retirement plans. The company has $8.6 trillion in worldwide assets under management.
The Vanguard Information Technology ETF (VGT) has $71.73 billion in total assets as of August 2024. The fund largely invests in internet and computer-related companies. Zoom represents about 0.13% of the fund's total holdings.
BlackRock is the second-largest institutional holder of Zoom, holding 15.17 million shares as of Aug. 6, 2024.
Like Vanguard, BlackRock is one of the largest investment firms in the world, managing many funds for a variety of clients. The company reported $10.5 trillion in total assets under management in the first quarter of 2024.
The iShares US Technology ETF(IYW) invests in internet and tech stocks, like Zoom. The fund has $18.08 billion in total assets as of August 2024 and Zoom represents 0.14% of the fund's portfolio.
FMR, LLC is the legal name of Fidelity Investments, a major institutional asset manager. Fidelity holds 7.63 million shares of Zoom as of Aug. 6, 2024.
Fidelity holds Zoom shares in mutual funds and investment portfolios on behalf of its clients. The company has $14.1 trillion in assets under administration as of June 30, 2024.
The Fidelity Cloud Computing ETF (FCLD) invests in tech stocks similar to Zoom. The fund has $74.49 million in assets under management as of August 2024. Zoom represents 1.97% of its total portfolio.
The top five major institutional shareholders of Zoom are Vanguard, BlackRock, Fidelity, Newlands Management Operations, and State Street Corporation.
No, Zoom isn't government-owned. It's a publicly-traded American company owned by its shareholders. Its founder and largest shareholder is Eric S. Yuan, a Chinese-American businessman.
Zoom is free for personal use although it has certain restrictions such as how many people can join a call and how long the call can last. It shouldn't significantly affect consumers' budgets even in a tight economy.
Zoom benefited during the global pandemic when work and social interactions moved over to video conference calls. The company's value and profits grew during that time, making it an attractive investment for many institutional holders and increasing the net worth of some of its high-ranking employees. Zoom had a market capitalization of $17.32 billion as of August 2024.
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Instablog9ja
6 hrs
15
A man who was denied entry on the flight that crashed in Sau Paulo, killing everyone on board, has opened up about how it feels. He also credited an airline staff member, who didn’t let him board the flight after he was late, with saving his life.
The man told the outlet that he thought he was supposed to board a Latam flight when he reached the airport. He waited for the passengers to be called, but there wasn’t any notification. Later, he realised there had been a mix-up, and he was supposed to board the regional carrier Voepass flight that crashed.
Instablog9ja
7 hrs
11
The spokesperson of the Nigeria Police Force, ACP Olumuyiwa Adejobi, has reacted to photos of suspected bandits posing with bundles of Naira notes.
A Tiktok video of suspected bandits flaunting money and doing giveaway made the rounds on social media.
The photos and video prompted Nigerians on X to blast the police force for failing to arrest bandits showing off their ill-gotten wealth on social media.
Investopedia
8 hrs
14
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JPMorgan Chase & Co. (JPM) is giving its employees access to a generative AI assistant built by the makers of OpenAI. More than 60,000 employees already have access to the program, known as LLM Suite, according to a report that was confirmed by a spokesperson to .
LLM Suite is designed to access external large language models (LLMs), the deep learning algorithms used to summarize, translate, predict, and generate text. The program launched with OpenAI's ChaptGPT model, but the plan is to be able to utilize multiple LLMs, the report said.
Ultimately, LLM Suite is expected to be as prevalent at the company as Zoom, with employees using it to summarize large documents, utilize other software in problem solving, and incorporating AI into other programs the report said, citing people familiar with the matter.
The move comes after JPMorgan initially banned its employees from using ChatGPT in February 2023, according to a report.
The difference now is that JPMorgan has more control over its own data, according to the bank's chief data and analytics officer, Teresa Heitsenrether.
"Since our data is a key differentiator, we don't want it being used to train the model," Heitsenrether said, according to . "We've implemented it in a way that we can leverage the model while still keeping our data protected."
JPMorgan Chase stock was up less than 1% to $205.24 as of 10:30 a.m. ET Friday. Shares are up 20% this year.
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Instablog9ja
10 hrs
11
The kidn@pped former Delta State Commissioner for Technical Education, Hon. Joan Onyemaechi Mrakpor, has been released by her abd¥ctors.
Mrakpor, an evangelist and politician, was released late Friday night, August 9, after 11 days in captivity.
The abd¥ctors had earlier demanded N1billion ransom, however, SaharaReporters reliably gathered that a yet-to-be-disclosed huge amount of money was allegedly paid as a ransom before she was released.
A source who spoke to the news outlet disclosed that former governor, Ifeanyi Okowa, and the Delta State government played vital roles towards her release.
“You know initially the kidnappers demanded a ransom of N1billion from the family and the family said they didn’t have such huge amount of money. The family begged for a lesser amount of money and at the end of the day, a compromise was reached and ransom was paid and she was released,” the source stated.
The spokesman of the Delta State Police Command, SP Bright Edafe, also confirmed the release of Mrakpor, popularly known as ‘Ada Anioma’, late Friday night.
Hon. Mrakpor was kidn@pped by g¥nmen on July 30 from her church premises along the DBS Road in Asaba, Delta State. A Police aide and one other person lost their lives in the kidn@p att@ck while some others sustained inj¥ries, Leadership reports.
