Zoom stock slid another 2% in premarket trading after falling 3% yesterday.
Microsoft adds a cheaper teams to take down Zoom.The software giant has gone the low price route to bring in more small business users.
Microsoft has released Teams Essentials, a standalone version of its popular videoconferencing software. Previously customers could only subscribe to teams as part of a broader suite of Office software.
The new version of teams costs $4 per user, per month which Microsoft called "the most competitively priced online meetings and collaboration solution in the market," in a release.
Microsoft has made it clear that it is targeting small businesses, a key Zoom customer base, with Teams Essentials.