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Nasdaq drops Zoom in sign Covid-era darling trade is over
Mint Mumbai
|December 19, 2023
The move comes days before the central bank is set to announce any adjustments to the rate on one-year policy loans
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It's the end of an era for the poster child of pandemic-age stock darlings.
Zoom Video Communications is no longer a part of the Nasdaq 100 index. The stock has underperformed every major equity benchmark in 2023, rising just 5.7%, as fundamentals weaken and Wall Street analysts scale back expectations for growth.
Cette histoire est tirée de l'édition December 19, 2023 de Mint Mumbai.
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