Investors Hung Their Hats on Peloton and Zoom Last Year. What Now?
The New York Times
Some “stay-at-home” stocks that were pandemic-era darlings have experienced brutal sell-offs.
Peloton’s pricey exercise bikes were the hot product for fitness buffs in the early days of the pandemic. With jumbo screens and upbeat instructors, being on them mimicked the experience of an in-person spin class in their living rooms.
What happens now that they can get the real thing again?
Shares of companies like Peloton and Zoom Video, the online conference software that replaced face-to-face communications for countless schools and businesses, were darlings of the stock market for the better part of last year. But as the economic reopening gains speed — aided by rising vaccination numbers and promising new treatments for those who get sick — some of the stocks at the center of the so-called stay-at-home trade collapsed.
