Technology

Zoom shares record worst day in 9 months as searing growth tapers off

Zoom shares record worst day in 9 months as searing growth tapers off

Zoom Video Communications Inc shares (ZM.O)tumbled nearly 17% on Tuesday, after the video conferencing company signaled a faster-than-expected drop in demand and analysts questioned its future plans as people return to office. Zoom and other video conferencing services such as Cisco (CSCO.O), Microsoft's (MSFT.O) Teams and Salesforce's (CRM.N) Slack raked in millions of new users as the pandemic forced people to work.

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