Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Zoom, a company that experienced significant growth during the pandemic, is now facing challenges as its stock price has dropped. Investors overvalued the company during the pandemic, leading to a decline in stock value. The competition has also intensified, impacting Zoom's performance and growth.
Zoom didn’t fumble a bag. It hit the same problem as Peloton and a lot of other COVID stocks. Investors had a bout of temporary insanity and assumed pandemic lockdowns would be permanent and they obviously weren’t. RTO + no more Zoom yoga classes and K12 classes killed growth https://t.co/OJpndfRF3t
People talking Zoom $ZM stock price vs pre-Covid today… but also Peloton $PTON is down hard to below be-Covid levels. Zoom is probably more surprising given how widely it is still used. Perhaps that usage is not the same for Peloton which pulled demand forward… charts below
It's unfair to say Zoom fumbled the bag Simply put: COVID pulled forward their future, eating their runway. It alerted competition to the opportunity. Now Zoom is fighting for their life A bit more about why this has been so tough for the companies who should have won: https://t.co/cVlpJXHnAZ