2/23, 3:43 PM (Source: TeleTrader)
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Zoom shares plunge over 8% at the open

Shares of American communications technology company Zoom Video Communications, Inc. fell over 8% at the open as investors are concerned that the government's rising borrowing costs will crash this stock that recently had its historical surge.

Over the last 54 weeks, shares of Zoom posted a return of 348%. The company established itself as the leading solution for video calls and conferences during the pandemic lockdowns of last spring.

Zoom stock was down by 8.47% to $362.44 at 9:41 am ET.

Breaking the News / TF