Mohammed Abdullah Posted April 28, 2020 Share Posted April 28, 2020 Will we see these stocks rise further even after countries stop lockdowns? Quote Link to comment Share on other sites More sharing options...
0 Jessica Kerry Posted May 19, 2020 Share Posted May 19, 2020 Hi Mohammed, With most countries going on lockdown to curb the spread of COVID-19, many businesses have been forced to either pause operations or work from home when applicable. Since then, work-from-home platforms have increasingly become popular among employees. Zoom Video Communications and Slack Technologies are both work-from-home companies. Founded in 2011, Zoom is an easy to use platform for group messaging, simple online meetings, and cloud video conferencing across different devices. Slack is also a workplace communication tool and has an instant messaging system with many add-ins for other tools in the workplace. While both communication platforms connect employees, allowing them to work from home, they’ve been the biggest beneficiaries of the COVID-19, with stocks rising steadily since the beginning of lockdown as most people join the platforms. When lockdown stops, sending a signal that the battle against the coronavirus is being worn, most businesses that are currently operating from home are expected to allow employees back to the offices. That way, the heavy reliance on Zoom and Slack will slow down and significantly cause a fall in the stock market. Since most businesses have found these tools to be reliable, and have realized they can cut costs by allowing employees to work from home, they may continue using them long past the end of lockdown. Also, some businesses might wait until the pandemic ends before they resume normalcy, allowing employees to continue working from home. As such, zoom and slack, however little, will continue to gain even after the lockdown. So, don’t expect a huge fall in stock. Quote Link to comment Share on other sites More sharing options...
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Mohammed Abdullah
Will we see these stocks rise further even after countries stop lockdowns?
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