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The main «beneficiaries» of the pandemic have lost $1.5 trillion in capitalization since the end of 2020


May, 08 2024
watermark Economic news

According to the Financial Times, the fifty companies that have benefited the most from the coronavirus pandemic have lost about $1.5 trillion, or more than a third of their market value, since the end of 2020. 


Companies with a capitalization of more than $10 billion and the most significant share price growth in 2020 were selected for this list.


Among the most notable losses is the American Zoom Video Communications, a developer of video conferencing software. Since the end of 2020, when its shares have more than quintupled, the company has lost more than $77 billion, or about 80% of its market value. 


The stock price of RingCentral Inc., specializing in cloud communications, has fallen about tenfold over the same period.


Peloton Interactive, a manufacturer of self-training sports equipment, lost about $43 billion, which is more than 97% of its capitalization. 


Tesla, whose shares have risen in price by almost nine times in 2020, has reduced its market value from $669 billion to $589 billion.


The share price of the Singapore-based Internet company Sea, engaged in gaming, e-commerce and digital payments, fell by more than 60% after a significant increase in capitalization in 2020 from $19 billion to $102 billion. Other representatives of the online commerce industry, such as Shopify, JD.com Inc. and Chewy also suffered significant losses.



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Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.