Zoom shares fell 15% on Tuesday to close at their lowest level since June 2020.
According to Arabiya Net, this comes after the results of the third quarter showed a slowdown in growth, with people returning to actual contact.
Losses have erased nearly $100 billion from Zoom's market value since its peak in October 2020, a 64% drop per share.
Despite the decline, the stock is still up nearly 500% since its start in 2019.
As Zoom has been affected up and down by the epidemic with a return to normalcy, shares of Peloton, a home exercise company, as well as the health care company, have been sucked. Teladoc hypothetical health, from the same cup, as the latter's shares fell to February 2020 levels.
Moreover, analysts believe the hard days for these companies are still beginning, as growth-focused companies are hurt by rising bond yields, as the use of The model of reducing future cash flows in valuations, which means a higher discount rate and therefore a lower value for these shares.
However, some analysts expect Zoom to return to the upside, especially after the recent pullbacks have left the company trading at 13 times for forward sales - a rate cheaper than many of its rapidly growing technology peers.
