Zoom Video shares slip; Wall Street shrugs at firing of company president
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Zoom Video Communications (NASDAQ:ZM) shares dipped by 2% Friday as Wall Street basically shrugged its shoulders as the company fired president Greg Tomb.
Zoom (ZM) slipped by 1.3% after the company said it used a U.S. Securities and Exchange Commission filing to say that it had "terminated the employment" of Tomb, effective immediately.

Tomb, a former Google (GOOG) executive, was barely at Zoom (ZM) long enough to make a Zoom video call, as he joined the company only in June 2022.
Zoom (ZM) didn't give any details about why it fired Tomb. In it's SEC filing, Zoom only said that Tomb would receive severance benefits in line with his employment agreement as he had been "terminated without cause."
Tomb's firing comes at the end of a week in which Zoom (ZM) reported better-than-expected quarterly earnings, but still couldn't shake concerns about its revenue growth that has been slowing over the last year as the COVID-19 pandemic has eased.