Zoom shares drop over future slowdown fears despite posting big Q3 revenue

Videoconferencing service Zoom has reported $777.2 million in revenue during its third quarter, which is well over 4 times its revenue from the same quarter in the last financial year and beat analysts’ expectation of $694.0 million by a long margin. However, the company’s shares fell about 5% in extended trading on Monday as investors feared its break-neck rate of revenue growth could moderate.