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Video chat app Zoom unveils new products as its stock nosedives

New Delhi, The demand for Zoom soared in the two years of the pandemic as companies shut offices and employees had to work from home.Remote learning and telemedicine also gave a boost to Zoom Video’s cloud-based services.Now, the growth of Zoom has slowed down as in-person meetings resume and schools/colleges reopen.

As countries reopen and millions rejoin offices, video collaboration and chat app Zoom has seen a massive erosion in its stock value — nearly 80 per cent — from its high in 2020.Zoom is now undergoing a year of transition in 2022.

Alarmed at its slow user growth, the company has unveiled latest innovations in the Zoom platform to help businesses improve customer and employee experiences for the new ‘work anywhere’ workforce.

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