Zoom Video Communications Shouldn’t Lose Much Sleep Over Facebook
Zoom Video Communications (NASDAQ: ZM) has been one of the hottest growth stocks of 2020. Usage of Zoom's video conferencing platform spiked as the COVID-19 pandemic forced people to stay at home, and its stock surged over 140%.
However, Zoom's stock recently dipped after Facebook (NASDAQ: FB) launched Messenger Rooms, which boosts its maximum number of participants per video call from eight to 50. The upgrade could help Facebook keep pace with Zoom, which supports video meetings of up to 100 people on its free tier.
Image source: Facebook.
Source Fool.com
