Name: Facebook pops, Zoom drops on Facebook announcing 'Rooms' video-chat competitor
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Facebook pops, Zoom drops on Facebook announcing 'Rooms' video-chat competitor

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Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Matthew FoxRedeem nowGet the inside scoop on what traders are talking about — delivered daily to your inbox.Something is loading.on Friday announced "" — a new video conferencing platform that allows up to 50 people join a single room and interact with each other.&nbsp;Rooms will directly compete with , and Skype, three popular video conferencing platforms that have seen a surge in demand as millions across the globe are under stay-at-home orders.&nbsp;Prior to today's Facebook announcement, shares of Zoom were trading at all-time highs on news that the company and was going to be on April 30. Shares of Zoom traded at $180 this afternoon, but ultimately fell to an intraday low of $158.30 after Facebook made the announcement, representing a decline of more than 12%.Read more:&nbsp;Facebook investors cheered the news, sending shares to an intraday high of $190, representing a more than 2% increase in afternoon trading. Facebook will report earnings after the market close on March 29.&nbsp;An icon in the shape of a lightning bolt.Keep readingIt indicates an expandable section or menu, or sometimes previous / next navigation options.Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Matthew FoxRedeem nowGet the inside scoop on what traders are talking about — delivered daily to your inbox.Something is loading.on Friday announced "" — a new video conferencing platform that allows up to 50 people join a single room and interact with each other.&nbsp;Rooms will directly compete with , and Skype, three popular video conferencing platforms that have seen a surge in demand as millions across the globe are under stay-at-home orders.&nbsp;Prior to today's Facebook...

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Matthew Fox

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Facebook pops, Zoom drops on Facebook announcing 'Rooms' video-chat competitor

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