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Zoom call fail – shares in video comms company fall 90%

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It seems like the novelty of Zoom calls have taken their toll

Shares in the video communications company have fallen by 90 per cent from pre-pandemic levels.

The stock was down nearly 10 per cent on Tuesday after the company cut its annual sales forecast.

The news has led to at least six brokerages to cut their price targets.

Of course, the company became a household name while we were all at home during the height of COVID lockdowns.

Some analysts believe acquisitions could help to increase the growth at Zoom.

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