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Video-Conferencing apps News

23 Nov 2022

Zoom shares tumble by 90% from peak time during covid pandemic in October 2020

Shares of Zoom Video Communications Inc have tumbled about 90% from their pandemic peak in October 2020. The company's operating expenses surged 56% in the third quarter as it spent more on product development and marketing. Zoom is focusing on businesses, with products such as cloud-calling service Zoom Phone and conference-hosting offering Zoom Rooms.

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