So why is Zoom's stock down 42% from its all-time high, and in freefall after another strong quarterly report? A big reason is that growth is slowing to a halt at Zoom. The company has built an easy-to-use video conferencing app that's attracted millions of users, and Zoom's revenue is up around 10x in the last three years as a result.
The company was incorporated in 2011 and is headquartered in San Jose, California.Zoom ( ZM 1.94%) was arguably the biggest winner from the pandemic, becoming not only an indispensable tool for schools and businesses but also a household name. and changed its name to Zoom Video Communications, Inc.
The company was formerly known as Zoom Communications, Inc. It serves individuals and education, entertainment/media, enterprise infrastructure, finance, government, healthcare, manufacturing, non-profit/not for profit and social impact, retail/consumer products, and software/Internet industries. In addition, the company offers Zoom Developer Platform that enables developers, platform integrators, service providers, and customers to build apps and integrations using Zoom's video-based communications solutions, as well as integrate Zoom's technology into their products and services Zoom App Marketplace, which helps developers to publish their apps, as well as third-party integrations of Zoom and Zoom Contact Center, an omnichannel contact center solution. It also provides Zoom Rooms, a software-based conference room system Zoom Hardware-as-a-Service allows users to access video communication technology from third party equipment Zoom Conference Room Connector, a gateway for SIP/H.323 endpoints to join Zoom meetings Zoom Events, which enables users to manage and host internal and external virtual events OnZoom, a prosumer-focused virtual event platform and marketplace for Zoom users to create, host, and monetize online events and Zoom Webinars to provide video presentations to large audiences from many devices. The company offers Zoom Meetings that offers HD video, voice, chat, and content sharing through mobile devices, desktops, laptops, telephones, and conference room systems Zoom Phone, an enterprise cloud phone system and Zoom Chat enables users to share messages, images, audio files, and content in desktop, laptop, tablet, and mobile devices. provides unified communications platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa.
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