Muted and booted... Zoom shares dropped 19% last week on the Pfizer vaccine breakthrough. Good news for "Reopening Stocks" like airlines could mean bad news for pandemic winners like Peloton, whose stock plunged 20%. An effective vax would help bring back face-to-face, decreasing our (desperate) reliance on the Zoom life. Also potentially concerning for Zoom: its competitor Hopin grew from 5K users to 3.5M users this year, and just raised $125M.
Not McLovin' it.. Beyond Meat stock plunged 20% for the week as investors chewed on two protein-packed patties of puzzling news. First: Beyond served up a surprising quarterly loss and disappointingly low sales. Second: McDonald's unveiled its own plant-based burger — "the McPlant" (niiiice). Beyond said it co-created the McPlant patty, but McDonald's made zero mention of that in its announcement. Awk.