Over the past six days, Zoom has risen more than 40% to $ 157 apiece.
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The market capitalization of Zoom video conferencing service increased by $ 14 billion to $ 43.3 billion by March 23, 2020 amid mass quarantine and the transition to work from home – on March 16, the company cost $ 29.8 billion.
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By 8:32 p.m. Moscow time, the company’s shares have risen in price by 20.26% since the start of trading on March 23 and are trading at $ 157 apiece – this is the largest gain for the day since June 2019, Bloomberg notes. In just six days, Zoom’s shares have grown by more than 40%, the publication recalls.
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According to Sensor Tower, Zoom app downloads were up 109%, Bloomberg said without specifying a period. The service had to increase the bandwidth of its network to cope with unprecedented demand, the publication recalls.
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