Zoom shares volatile as Apple discusses video conferencing at WWDC.
Portfolio Pulse from Benzinga Newsdesk
Zoom shares experience a pullback as Apple discusses video conferencing at its Worldwide Developers Conference (WWDC).
June 05, 2023 | 5:52 pm
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Zoom shares pulled back as Apple discussed video conferencing at WWDC, potentially increasing competition.
Zoom shares experienced a pullback as Apple discussed video conferencing at its WWDC event. This could indicate increased competition for Zoom, potentially affecting its market share and revenue. As a result, the short-term impact on Zoom's stock price is likely to be negative.
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