Layoffs. Losses. Plunging share prices. These pandemic winners are now struggling

With people unable (or unwilling) to go to the gym, consumers rushed to buy its exercise equipment and, more importantly, sign up for its online classes. Peloton posted its first quarterly profits in calendar year 2020 as revenue jumped 139% and the stock soared 434%.The boost was short-lived. As gyms reopened and class subscriptions and equipment sales plunged, so did the company’s outlook. Thursday, after posting a worse-than-expected But things really kicked into gear with the pandemic lockdowns. Netflix added 16 million subscribers in the first three months of 2020 and ended the year topping 200 million subscribers for the first time.Netflix shares also skyrocketed, more than doubling in value from the start of 2020 to a record high of $691.69 in November 2021.But competition has increased. In the first quarter of this year the company lost 200,000 subscribers globally, the first drop in subscribers in a decade, and nowhere near the 2.5 million gain it had previously forecast. In the second quarter it lost another 970,000.The company has also been losing investor support. Netflix shares have lost nearly two-thirds of their value year-to-date, although they have rebounded from a 12-month low in May when investors were bracing for even deeper subscriber losses.