Shares of Zoom fell to their lowest price since the early days of the pandemic on Tuesday, plunging the net worth of Zoom founder and CEO Eric Yuan by $2 billion, as Wall Street fears that the video conferencing company will lose its precarious position. Will stay in revenue trajectory as americans Return to the office.
Shares of Zoom fell 17.8% to $199 in Tuesday trading and are now down 66.2% from the stock’s October 2020 peak price of $588.88.
Yuan’s assets fell to $9.9 billion on Tuesday Businesshala‘ Since the estimate, down $ 4.6 billion Businesshala The list of 400 was published last month.
His net worth reached $24 billion in October 2020, when Zoom stock was trading at its all-time high.