Zoom shares plunged more than 10% on August 23. A PhD candidate at Harvard tilts his screen while teaching an online class in April of 2020 in Cambridge, Massachusetts.
Mandatory Credit: Blake Nissen/The Boston Globe/Getty Images
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Zoom gets slammed: Stock plunges on weak outlook
The pandemic lift for Zoom has gone poof. Shares of the video conferencing company plunged more than 15% Tuesday after Zoom reported revenue for the second quarter that missed analysts' forecasts and issued a weak outlook for sales and profit in the third quarter.
