Sure, we’re all gonna die, but Wall Street will makes some bucks on our vanity!
Zoom shares closed up 5.7% and Peloton stock closed up 5.6% Friday as concerns of a new Covid variant in South Africa tumbled markets. Shares of Netflix and Roku, two other stay-at-home companies that have benefited from the pandemic, were up about 1.6% for the day.
Zoom and Peloton are still down 34% and 69% for the year, respectively, as people have returned to work, school and gyms.
¡GASP! It’s like they know us. I feel… seen.