On March 11, 2020, the World Health Organization declared Covid an epidemic. If we compare the prices of shares of these companies that day, many have now fallen by 80 to 95 percent.
कोरोना काल में जिन कंपनियों ने काटी चाँदी, अब मिट्टी के भाव, कई कंपनियां हुईं बंद या कर रहीं संघर्ष
Many of the companies that boomed and made a lot of money during the Covid pandemic have now come down to earth. The world changed by Covid is coming back to its place. During the Covid pandemic, Zoom was perhaps one of the most used words in offices around the world. Zoom and many such companies emerged during that period and reached new heights. Then people also invested a lot in these companies. But if compared with the pandemic period of 2019, many companies are now on the ground.
Zoom Video Communications ended US fiscal year 2024 in profit. Its quarterly results released on January 31 were better than expectations. Compared to the same period last year, its share prices were up 16 percent. Revenue also registered an increase of three percent. But if compared with the times of Covid, these figures are nothing.
This has not happened only with Zoom. Many companies had made manifold profits during the Covid pandemic but have come to the ground in the last two years.
Prices have fallen by 90 percent
On March 11, 2020, the World Health Organization declared Covid an epidemic. If we compare the prices of shares of these companies that day, many have now fallen by 80 to 95 percent. If someone had invested one thousand US dollars in Zoom on March 11, 2020, then at one time its price had reached $5,153. On February 26, 2024, it was down 89 percent i.e. at $572.
Similarly, the prices of a company that provides the facility of online signing of documents are 83 percent below their highest level. That means, if someone invested one thousand dollars in this company on March 11, 2020, then it is now worth $691. Shares of Peloton, a company that manufactures exercise equipment, have fallen 97 percent from their peak. Even the prices of Covid vaccine manufacturing company Moderna have fallen by 81 per cent from their peak.
Experts say that most of these companies were making profits due to the circumstances of those times. For example, during the lockdown, Zoom earned a lot of name and fame by becoming an option for working from home. But now, firstly, the number of people working from home has reduced, secondly, other products like Zoom are also available in the market. Such as Microsoft Teams, Cisco Webex and Salesforce’s Slack app have given tough competition to Zoom.
the storm subsided
A similar situation has happened with food delivery startup companies. Many startup companies providing home delivery have either closed or are struggling. Experts believe that the boom in the home delivery market during Covid is now subsiding. Mark Humphrey-Jenner, an associate professor who teaches finance at the University of New South Wales, writes that after the lockdown period ended, it became difficult for these companies to continue operating.
Citing the example of food delivery app Milkrun, which folded last year, Professor Humphrey-Zener says, “Milkrun started its business during the pandemic, which was the perfect time for doorstep delivery. But in the middle of last year, While the lockdown was a thing of the past, the numbers were not looking good for him. He was losing $10 on every delivery, which was better than the $40 loss he was incurring at the beginning,” but the company was in the red. How long could this go on?
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