When Do Zoom's No Limit Calls Go Into Effect For Thanksgiving?

For many, Thanksgiving Day will not come with the traditional family gathering amid the coronavirus pandemic. Instead, the Centers for Disease Control and Prevention (CDC) has recommended that families hold virtual visits to celebrate the holiday, and Zoom Video Communications seems to agree with the trend.

Zoom (ZM) announced on Monday that it would be eliminating the 40-minute call limit for all calls made on its virtual meeting platform. The switch will be in effect starting at midnight on Nov. 26 through 6 a.m. EST on Nov. 27.

The unlimited call time will allow users to virtually visit with friends and family on Thanksgiving Day without restrictions and at a safe distance as the pandemic wages on.

As the number of positive cases of the coronavirus continues to increase in many parts of the U.S., the CDC, as well as other health officials, have warned against holding gatherings with people outside a household that could increase the risk of spreading the virus.

The U.S. reported over 133,000 cases of the virus on Monday, according to Johns Hopkins University data, with over 600 new COVID-19 deaths.

For its part, Zoom has seen record earnings during the pandemic as people work from home to mitigate the spread of the virus. For the second quarter of the year, Zoom saw a 355% revenue growth year-over-year, sending its shares soaring 40% with the release of the earnings report in September.

But upon news of Pfizer and BioNTech’s COVID-19 vaccine’s 90% efficacy on Nov. 9, the tech company saw its share price drop about 16% as the possibility of returning to normalcy became more of a reality.

On Monday, Moderna announced that its COVID-19 vaccine had nearly a 94.5% effectiveness, also sending Zoom’s share price down over 3.5% in mid-day trading.

Shares of Zoom were trading at $388.50 as of 1:14 p.m. EST on Monday, down $15.08 or 3.74%.