Zoom Shares Are Down Over 44% ... and It Might Get Worse
The pandemic sparked several new digital trends, including a ramp-up of the stay-at-home economy. Millions of jobs temporarily (and possibly permanently) migrated to other locations with the help of secured cloud-based technologies like Zoom Video Communications (NASDAQ: ZM), and remote work became much more mainstream. The incredible uncertainty created by COVID-19 forced employers to find a way to keep their businesses going and Zoom's value to society extended far beyond its earnings per share.
But with the pandemic subsiding in many developed countries, more workers are heading back to the office and students back to classrooms. That has some investors rethinking the company's valuation.
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Source Fool.com
