Dusseldorf Zoom has not had the “corona winner” label for a long time: the video conferencing provider’s share has lost around half of its value over a twelve-month period. On Tuesday, the price fell briefly below the $ 200 mark for the first time since June 2020.
While experts are discussing whether the price decline is exaggerated or not, one investor has reacted: Cathie Wood used the loss of 14.7 percent on Tuesday to buy almost 650,000 shares with her Ark funds. Her value on a closing price basis: $ 133 million.
“We believe that the world’s communications system will be replaced for the first time in decades,” Wood told CNBC. “People just think of Zoom as a video chat service. It is not, it becomes a unified communication system. “
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