Covid restriction fatigue may wipe $100bn off Zoom value
The video conferencing company’s shares slumped 18% to the lowest since June 2020.
Zoom Video Communications, the poster child of the so-called “pandemic winners” basket, is losing more of its lustre.
The video conferencing company’s shares slumped 18% to the lowest since June 2020. Its latest quarter showed slowing growth as people started socialising in-person - also a trend that roiled the shares of other lockdown winners Peloton and Teladoc Health.
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