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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.

important facts

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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.

in Monday earnings call, zoom informed of revenue growth fell lowest level Since the company went public in 2019, however, it beat analysts’ estimates for earnings and revenue per share.

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.

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