Zoom Video Technologies Inc. ZM,
shares fell on Monday after the video conferencing company announced a new set of tools at the Zoomtopia 2021 conference. Zoom shares fell 3% to $ 292.22 in the afternoon trading and fell 24 % in the last 12 months. One of the features announced was “Zoom Whiteboard,” a digital web collaboration tool that allows users to interact with each other as if they were using a blank whiteboard, with Zoom collaborating with Facebook Inc. FB,
to Use Oculus Horizon Workrooms for a Virtual Reality Experience Another announcement was the “Zoom Video Engagement Center,” where customers can consult experts on industry-specific trusted experiences, such as medical visits. Other new features include real-time translation and meeting transcription, along with the expansion of “Zoom Rooms Smart Gallery” to include video feeds separate from office participants so remote employees can view them equally.