Zoom, opaque quarterly. The stock has lost 90% since the pandemic boom

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Zoom continues to struggle to adapt to the post-Covid world, and rings up yet another horror day on the stock market after the accounts of a not exactly brilliant quarterly. The stock fell nearly 10% (and then recovered some in trading) after the company cut its full-year sales forecast and posted its slowest-ever quarterly growth, prompting at least six brokerages to cut profits. their price targets.

A collapse that brought the market capitalization of the …