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Hard Landing for Pandemic Darling Stocks

·5 min read
Hard Landing for Pandemic Darling Stocks
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The meteoric rise of the pandemic stocks led to investors who found themselves flush with cash as work from home companies benefited. Demand for the stocks rose exponentially, mirroring consumer enthusiasm for products such as Peloton ( ), Netflix ( ), Roku ( ) and Zoom ( ) as people stayed at home and watched movies, talked to their friends and family members on video calls and exercised at home instead of gyms. Investor optimism and enthusiasm was off the charts in the second half of 2021 and even in 2022 despite declining revenue as work from home stocks fell out of favor when the economy reopened and some people returned to the office.