Companies that grew rich during the pandemic have lost a third of their market value

Fifty companies lost a total of regarding $1.5 trillion in value, experts concluded. The American company Zoom Video Communications (developer of software for video conference calls) has seen its price drop most noticeably. After growing more than fivefold, its shares became cheaper by 80 percent (minus $77 billion in capitalization).

Shares of RingCentral (cloud solutions for business) collapsed in price by regarding 10 times, and shares of Peloton Interactive (manufacturer of exercise equipment for exercising at home) fell by 97 percent, or more than 97 percent of capitalization. Quotes of automaker Tesla soared almost ninefold in 2020, but then the company’s capitalization decreased from $669 to $589 billion.

Significant declines in market value have also been observed among e-commerce companies (Shopify, JD.com and Chewy) and vaccine manufacturers (Pfizer). Only 7 of the 50 beneficiary companies of the pandemic have increased their capitalization over the past three years: Chinese automaker BYD, cybersecurity group CrowdStrike, software companies The Trade Desk and Datadog, telecom operator T-Mobile, Chinese technology company CATL and Latin American marketplace online trading Mercado Libre.