![]() Both stocks have lost more than half of their market values from record highs and slid further after Netflix’s results. ![]() Zoom Video Communications Inc., the owner of the ubiquitous videoconferencing software, is trading at the lowest level since May 2020, as is e-signature company DocuSign Inc. The two companies are the latest darlings of 2020 to sink to levels not seen since the early days of the Covid-19 outbreak, when investors first deduced that lockdowns and easy-money policies from the Federal Reserve were going to send stocks like Netflix soaring. Peloton shares were up 7% in premarket after sinking 24% on Thursday. If the losses hold, it would be the stock’s biggest drop in almost a decade. Netflix shares were down 21% in premarket on Friday, following a similar drop in late trade on Thursday. ![]() Peloton, meanwhile, is slashing costs to cope with slowing demand for its stationary bikes. Netflix expects to add a paltry 2.5 million users in the current quarter, well short of estimates. ![]() and Peloton Interactive Inc., two of the highest-profile stars of the lockdown era, both plunged Thursday - the latest sign that investors have moved on from the so-called pandemic trade. ![]()
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