Don't know about the virus, but the market seems to be indicating a move past the pandemic....
quote:
Roku Inc. shares tumbled Friday, with the streaming-video platform company the latest example of a one-time pandemic favorite to see a precipitous decline as investors look past an era where consumers are no longer stuck indoors.
quote:
The collapse in Roku reflects what has become a familiar theme this earnings season, as other pandemic favorites have swiftly fallen out of favor. Netflix Inc., which also benefitted from the boon in at-home entertainment, collapsed more than 20% after it gave a disappointing forecast for new customers in January. Peloton Interactive Inc., which briefly skyrocketed as closed gyms pushed people to work out from home, is now struggling with slowing demand. Netflix shares are down more than 40% from their peak, while Peloton has collapsed more than 80% off a peak from January 2021.
Other one-time winners, including video-game platform Roblox Corp. and the Canadian e-commerce company Shopify Inc., have also seen rallies come to a shuddering halt. Both are down more than 60% from their peaks.
-------------------------------- We are all visitors to this time, this place. We are just passing through. Our purpose here is to observe, to learn, to grow, to love… and then we return home. - Australian Aboriginal proverb
Bazootiehead-in-training
Posts: 38037 | Location: Somewhere in the middle | Registered: 19 January 2010
