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Pandemic winners like Peloton and Netflix are now stumbling – Source fastcompany.com

In the early days of the pandemic, there were some clear corporate winners.

We all devoured episodes of Tiger King, while singing the praises of Netflix. We hopped on our Peloton bikes, wondering why we ever went to the gym. We used DoorDash to bring us our groceries and takeout. Zoom meetings kept us productive (and were used nearly as often for virtual get-togethers and happy hours with friends and family). And we spent those long hours in isolation deep diving through Etsy and Shopify to find cloth masks and unique products that charmed and distracted us.

They were, in their own unique way, heady days.

But now, companies that saw their stock soar in the heart of the pandemic are falling to earth. In the past year, Netflix shares have fallen more than 30%. Peloton is down a whopping 81%. DoorDash has fallen 39%. Zoom has plunged 61%. Etsy and Spotify? Both have slipped more than 20%.

Even Amazon has seen its share price drop 12% from a year ago–and is 23% off of its 52-week high.

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Source : fastcompany.com

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