Zoom shares plummet

Note: This section contains information in English only.
Source: Dukascopy Bank SA


At the start of Tuesday's trading, the stock price for Zoom Video Communications plummeted by 15.97% or $55.66.

The move occurred due to the company reporting a bigger than expected decline in demand for its software. The decline of the demand has been ongoing due to the global economy reopening in the aftermath of the coronavirus lockdowns.

Previously, on Monday, Dukascopy Analytics informed our readers that a possible move could occur and most likely a decrease of demand for the platform would be revealed.
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