Zoom shares slump as lackluster growth worries investors
Gabriel Negreanu
:Zoom Communications shares tumbled more than 5 per cent on Tuesday, as its forecast for low single-digit annual revenue growth disappointed investors after a recent rally. Stiff competition from rival video conferencing services including Microsoft Teams has pressured Zoom, even as it expands its offerings with products such as phone systems and artificial intelligence assistants to boost demand. Zoom, which rose to prominence during the pandemic, raised its expectations for fiscal year 2025
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