Why Zoom Video Stock Just Popped
The stock of Zoom Video Communications (NASDAQ: ZM) is still nearly 40% off its pandemic highs of early October, but it's getting a bit of a reprieve from the sell-off today, and was up a solid 4% as of 2 p.m. EDT.
As The Wall Street Journal reported this morning, Zoom is shifting its business to emphasize a sales model in which it allows other companies to embed its video chatting technology into their own apps and websites. Under the new model, Zoom would still facilitate the video calls, but its involvement would be invisible to users because the Zoom brand would not be displayed.
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Source Fool.com
