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  As countries reopen and millions rejoin offices, video collaboration and chat app Zoom has seen a massive erosion in its stock value -- nearly 80 per cent -- from its high in 2020. The demand for Zoom soared in the two years of the pandemic as companies shut offices and employees had to work from home.  Remote learning and telemedicine also gave a boost to Zoom Video 's cloud-based services. Now, the growth of Zoom has slowed down as in-person meetings resume and schools/colleges reopen. Zoom is now undergoing a year of transition in 2022. Read More

  Zoom's decision to stop access to its service for Russian state agencies should lead to the development of domestic alternatives to this popular video communication app, Kremlin Spokesman Dmitry Peskov has said. "We need to switch to alternatives, they do exist," Peskov told reporters on Wednesday, according to a report by TASS news agency. His comments came after Zoom reportedly decided to restrict access by the Russian state-owned companies to its software. "Of course, our app developers will need to work hard to put the finishing touches on their products. We still have shortcomings in this area. Nevertheless, they (similar services) exist and they will be able to countervail the absence of such a popular service as Zoom. As the saying goes, nature abhors a vacuum," Peskov explained. Read More