Pandemic darlings of investors face the boot
Business Standard|January 22, 2022
Stay-at-home market darling Netflix slumped on Friday, joining a broad decline in the market value of other pandemic favourites this week as investors priced in expectations for a return to normalcy as more countries gradually relax Covid-19 restrictions.

The selloff which began after Netflix and Peloton posted disappointing quarterly earnings spread to the wider stay-at-home sector as analysts judged the new Omicron coronavirus variant will not deliver the same economic headwinds seen in the first phase of the pandemic in 2020.

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