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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