Despite some stock market dips, some businesses are flourishing as people rush to stock up on essentials and stay home full-time.
The biggest winners. Tech, grocery stores, and delivery companies are managing to stay out on top throughout this crisis.
- Biz from home. Microsoft (MSFT +1.65%) Team users have more than doubled to 44 million from the 20 million users in November. Slack (WORK +16.72%) has also gained 7,000 new customers since February.
- Hungry for more. Walmart (WMT -2.59%) is capitalizing off of panic buyers as their stock prices continue to break through walls. Meal delivery company Blue Apron’s (APPN -11.75%) stock prices have also spiked recently.
- Other big tech. Netflix (NFLX +5.25%), Facebook (FB +4.20%), and Amazon (AMZN +2.78%) also all rebounded on the stock market Thursday.
How does it affect my wallet?
Quaran-times. More people are hunkering down at home after stocking up on food supplies, and adhering to the CDC’s social distancing policies.
Work from home. The internet is once again supplementing face-to-face interactions, whether it be for work or entertainment. Does that mean virtual high-fives are a real thing now!?
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