Zoom loses $100 billion of its market worth

US video conferencing platform Zoom has misplaced round $100 billion of its market worth since its October 2020 peak, a decline of 64 per cent for the inventory, Bloomberg reported.

The video communications firm fell 15 per cent on Tuesday to shut on the lowest stage since June 2020.

Regardless of the decline, the inventory was nonetheless up by practically 500 per cent because it started buying and selling in 2019.

Some analysts anticipate Zoom to bounce again, pointing to a possibility for progress in enterprise communications and falling valuations.

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