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Zoom stock tanks on news of $14.7 billion Five9 deal

Zoom stock tanks on news of $14.7 billion Five9 deal

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Zoom’s stock tanked Monday morning after the video conferencing company revealed plans to buy call center software company Five9 for $14.7 billion. An hour after markets opened, Zoom shares were trading down 3.9 percent at $348.00, according to MarketWatch data, while the tech-heavy Nasdaq composite index was down just 1.5 percent.

...read full article on New York Post

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