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Lockdown winners from Peloton to Zoom at risk even after US$218 billion rout

Bloomberg5/4/2022 10:06 PM GMT+08  • 3 min read
Lockdown winners from Peloton to Zoom at risk even after US$218 billion rout
“If you were to take a basket of pandemic winners, it would certainly include names that got overvalued and deserved to be hit."
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The brutal selloff in Covid-19 lockdown winners may not be over yet.

After losing more than US$218 billion in combined market value since their pandemic-driven boom, shares of Peloton Interactive Inc, Zoom Video Communications and DocuSign Inc are at risk of even more losses, if this earnings season is any guide.

First-quarter results for stay-at-home stocks kicked off with an alarm bell when Netflix Inc plunged 35% after saying it had lost customers for the first time in a decade. And last week, shares in telemedicine company Teladoc Health Inc. had their worst day ever, tanking 40% after the company slashed its forecast amid a slowdown in sales.

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