The rumor soon spread that Zoom sold the data to boost its revenue. but the press immediately jumped on this, especially because the Antichrist of data protection, Facebook ( FB), was involved. Zoom responded by saying that it removed the particular code immediately. Zoom was sued by a user, Robert Cullen of Sacramento, California, who claimed that the company shared personal information without proper notice. The problems started at the end of March 2020.

This is the stock performance since March 23: The stock is down 26% from its recent all-time high of $164.94. In this article, I'll try to explain why. I actually thought it was relatively cheap.

Having said that, I have looked a little closer at the stock when the Zoom user numbers were announced last week and the stock didn't seem so absurdly valued as I thought because of this new reality. Recently, I removed Zoom's stock from my Potential Multibaggers watchlist, not because I don't like it, but because at a market cap of more than $30B, I can't see it becoming a tenbagger or more anymore and that is always the aim with the Potential Multibaggers. The coronavirus pandemic gave the stock back its wings, although there has been a pullback recently because of the security problems of Zoom, to which we come back later in this article: The stock surged 72% on its debut, but the stock had a drawdown after the lock-up period expired in mid-October. In the last 90 days, there have been 17 articles about the stock on Seeking Alpha alone. Zoom Video Communications ( NASDAQ: ZM) has been a highly-debated stock since its IPO just shy of a year ago.

Zoom stock price nasdaq