8 Industries That Boomed During the Pandemic Crisis
These businesses flourished and made huge profits
The financial blow of the pandemic proved devastating and has affected millions of businesses worldwide. While many were hard hit financially, some flourished during the Covid-19 crisis. And, most likely, they will continue to boom even after the pandemic is over.
Let’s look at some of these industries.
Virtual meeting platforms
Once the pandemic shut down the doors of schools, colleges, and work offices, it opened the door to many virtual platforms. People flocked to connect on platforms such as Zoom, Google Hangouts, and Microsoft.
Zoom, for example, has seen explosive growth — its revenue had reached $663.5 million for the May-July period of 2019. The number of paid vs free users has also increased.
Dating apps
With prolonged lockdown, it’s not surprising people have shifted to dating online. This explains the rise of many dating apps which have become a norm since the pandemic.
Before the pandemic, there had already been a 5.3% increase in usage. But the pandemic brought in a new surge of downloads and interactions through platforms such as Tinder, Bumble, and Hinge. For…
