“Most people never returned to offices in full, so there will not be a huge shift if governments direct people to work from home again. “The work-from-home stock market surge will not return,” he said. He said the “lockdown winners” trend was over, even if there was another wave of infections and subsequent restrictions. Peloton was sixth most popular a year later, even after substantial share price falls.īut any bargain-seekers today, confident that the world is on a one-way path to becoming digital and anticipating a return to strict stay-at-home rules, should not be sucked in, according to David Coombs of Rathbones, the fund manager. In Britain, shares in AO World, an online white goods retailer, have fallen by 77pc since January and the food delivery app Just Eat is down by 50pc since October 2020.ĭuring the first lockdown such stocks were hot property: Zoom was the fifth most popular foreign share among users of Interactive Investor, the broker, in April 2020. Zoom, the video-calling company that became so ubiquitous it has effectively become a verb, is down by 65pc from its October 2020 share price high. Shares in the exercise brand Peloton are 72pc lower than their peak in December 2020. It is tempting to go back to shares like Zoom and Peloton, but it would be a mistake The company joined the NASDAQ-100 stock index on April 30, 2020.īeginning in early 2020, Zoom's software usage saw a remarkable global increase after quarantine measures were adopted in response to the COVID-19 pandemic.Covid restrictions are back – but the stocks to buy will be different this time The company first became profitable in 2019, and completed an initial public offering that year.
Zoom's revenue growth, and perceived ease-of-use and reliability of its software, resulted in a $1 billion valuation in 2017, making it a "unicorn" company. It provides videotelephony and online chat services through a cloud-based peer-to-peer software platform used for video communications, messaging, voice calls, conference rooms for video meetings, virtual events and contact centers, and offers an open platform allowing third-party developers to build custom applications on its unified communications platform.Įric Yuan, a former Cisco engineer and executive, founded Zoom in 2011, and launched its software in 2013. is an American communications technology company headquartered in San Jose, California.
0 kommentar(er)
