For those still inclined to think of Zoom Video Communications as a “pandemic stock,” consider that Covid-19 has well outlasted that status.

Zoom shares hit their all-time high in mid-October of 2020, just weeks before news of the first vaccine breakthrough helped the world see an end to ceaseless video meetings and awkward happy hours. The stock has been in a mostly downward spiral since, even as the Delta and Omicron surges pushed back office reopenings.

This post first appeared on wsj.com

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