Why Zoom Stock Plunged Today

Joe Tenebruso, The Motley Fool
·2-min read
Why Zoom Stock Plunged Today

Shares of Zoom Video Communications (NASDAQ: ZM) fell 9% on Tuesday, following the cloud communication leader's fourth quarter results. Usage of Zoom's cloud-based video, voice, and chat tools continued to grow at a rapid clip -- and many of its free users chose to upgrade to premium packages. Zoom's customers with more than 10 employees surged 470% to roughly 467,100.