Many top pandemic-era companies like Zoom and Ring Central are facing major declines in market value, reflecting the end of peak pandemic demand for their services.
Economists predicted the decline in market value for these companies, attributing it to the unsustainable rapid growth experienced during the pandemic.
Zoom's shares have plummeted by 80 percent since the end of 2020, equivalent to a $77bn decline, while Ring Central saw a 90 percent decrease in value compared to its peak alongside other remote tech providers.
Companies like Peleton have faced significant market value losses, leading to strategic measures like CEO resignations and employee layoffs, showcasing the challenging post-pandemic business landscape.
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