Zoom stock buy6/3/2023 ![]() It's also important to mention that Zoom's decline in value is largely part of a broader selloff of high growth technology stocks stemming from the Federal Reserve's plan to raise interest rates. ![]() Still, the recent downward trend in Zoom's share price has many people wondering if the company's growth story is over. The company's equity value was right around $20 billion heading into 2020, so the stock is still over two times more valuable than it was prior to the pandemic. The company's share price has dipped 75%, dragging Zoom's market cap down to $42 billion. After reaching the All time high in October of 2020 it has been going downwards ever since. Zoom (NASDAQ:ZM), reached a market capitalization of $175 billion+ in October 2020 as remote work prevailed in response to the pandemic.
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