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14 ECONOMY Trump’s Time
Zoom Shares Drop 16% as
Growth Slows
The video conferencing company Zoom, which enjoyed
massive growth during the coronavirus pandemic, has
suffered a 16 percent slide in share price today after the
company reported second-quarter earnings that beat
expectations but showed slow growth.
By LUCAS NOLAN
CNBC reports that shares of expectations but showing
the video-conferencing app poor growth in comparison to
company Zoom fell by 16 the previous quarter. CNBC
percent in intraday trading as reported the following
the company published its figures:
f i s c a l s e c o n d - q u a r t e r
earnings, beating analysts' - Earnings: $1.36 cents per
