Zoom (NASDAQ:ZM) was arguably the greatest winner from the pandemic, turning out to be not only an indispensable tool for schools and businesses but also a household name. The firm has built an simple-to-use video conferencing app which is attracted hundreds of thousands of buyers, and Zoom’s revenue is up about 10x in the previous three decades as a outcome.
So why is Zoom’s stock down 42% from its all-time large, and in freefall immediately after yet another strong quarterly report? A large cause is that expansion is slowing to a halt at Zoom. Right after reporting next-quarter 2021 earnings