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Why Zoom Stock Plunged Today

TheMotleyFool

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Shares of Zoom Video Communications (NASDAQ: ZM) fell 14.7% on Tuesday after the cloud communications leader's slowing growth troubled analysts and investors.

Zoom's revenue jumped 35% year over year to $1.05 billion in its fiscal 2022 third quarter. That marked a significant deceleration from the 54% growth the video-chat company experienced in the second quarter and the staggering 367% growth it delivered in the third quarter of 2021.

Zoom Video Communications' stock fell sharply on Tuesday. Image source: Getty Images.

Source Fool.com

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