Zoom shares remain more than 88% below their pandemic-era peak after the company lost nearly $130 billion in market value following the collapse of the remote-work trading boom. An investment of $100,000 at Zoom’s 2020 peak would now be worth less than $12,000 as demand normalized after the pandemic-driven surge in video conferencing usage.
The company became one of the biggest beneficiaries of lockdown-related remote work trends during 2020 and 2021, with rapid user growth driving its valuation sharply higher. However, slowing revenue growth, rising competition from Microsoft Teams and Google Meet, and the return of in-office work pressured investor sentiment and earnings expectations.
The decline has become one of the clearest examples of how speculative pandemic-era technology valuations reversed as monetary conditions tightened and growth expectations weakened.
