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Zoom Video stock slips as new features announced at conference

·1 min read
Zoom Video stock slips as new features announced at conference
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Zoom Video Technologies Inc. (ZM) shares slipped Monday after the videoconferencing company announced a new suite of tools at its Zoomtopia 2021 conference. Zoom shares declined 3% to $292.22 in afternoon trading, and are down 24% over the past 12 months. One of the features announced was “Zoom Whiteboard,” a digital-canvas collaboration tool that allows users to interact with each other as if they were using an in-person whiteboard, with Zoom collaborating with Facebook Inc. (FB) to use Oculus Horizon Workrooms for a VR experience.