Why Zoom Video Stock Dropped 5% This Morning, Then Rebounded
Shares of Zoom Video Communications (NASDAQ: ZM) dropped more than 5% in early trading Monday after it suffered a partial service outage this morning. But Zoom says it has restored service to its customers, and now its stock is headed back toward where it started the day (at least part of the way). As of 2:50 p.m. EDT Monday, shares remained down 2.3%.
Image source: Getty Images.
Reuters says some 17,000 Zoom users (including my own child's fourth-grade class) reported issues getting into their remote-learning classes this morning.
Source Fool.com
