Thndr Claps » U.S. Claps » Tech 📲 » Zoom missing the pandemic? 💻
The ClapZoom (NASDAQ: ZM) recorded a revenue slowdown for Q2 2022, as sales and subscriptions fell off. The DeetsZoom lowered its forecast for the 2023 fiscal year, as the industry shifts away from pandemic buying patterns. The initiatives taken by Zoom to attract more online subscriptions did not work effectively enough to drive revenues up.The company predicts that its online business will decline by 7% – 8%, previously expecting it to remain stable.Why this MattersZoom’s stock fell a little over 2% following the news.
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