$API has seen Ark buy up shares in 6 of the last 8 trading sessions. Who is $API and what do they do?
$API = Agora Inc.
Who are they and what do they do 👇🏼
$API = Agora Inc.
Who are they and what do they do 👇🏼
Agora is headquartered in Shanghai, though they also have US headquarters in Santa Clara, CA.
As their ticker suggests, they are a software platform for developers. The product is an easy solution for integrating real-time communications into any app
As their ticker suggests, they are a software platform for developers. The product is an easy solution for integrating real-time communications into any app
If you've used a teleconferencing app that isn't one of the major's like $ZM $WORK or $GOOG you may have used Agora. TalkSpace is one of their major video customers
In addition to video they do real-time messaging, recording, and voice
In addition to video they do real-time messaging, recording, and voice
The difference between a product like $ZM and $API is that Agora is a white label offering. Any developer or company can pay Agora a monthly fee to embed the technology wherever they choose as if it's their own
You would never say to someone, "hey want to hop on an Agora?"
You would never say to someone, "hey want to hop on an Agora?"
Agora is in the same vein of communications platforms as $TWLO and $ZM, but they aren't direct competitors. For now
The expectations seem to be quite high for the company as they trade at 58x 2019 sales. However, they're not losing a lot of money compared to many new tech companies, net profit was only -9.5% last year
You can follow along the holdings at cathiesark.com/ark-combined-h…
You can follow along the holdings at cathiesark.com/ark-combined-h…
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