Learnbonds: How COVID-19 has affected Zoom, Boeing and Bitcoin

  • Data-gathering news site Learnbonds reports on various assets and businesses affected either positively or negatively by the current global pandemic.

    Zoom

    Downloads for video conferencing platform Zoom have increased by 1,270% in one month according to the financial publication.

    Data gathered by the website indicates that the spike in downloads between 22 February and 22 March is due to the substantial rise in people working remotely as a result of the coronavirus.

    By 22 March, the Android platform had 8,562,600 downloads while iOS had 8,627,500.

    Over the month, iOS downloads increased by 594.9% while Android downloads spiked by 2,713.85%.

    The largest age group that is downloading Zoom is between 35-49 years old at 24%.

    The application if popular for those working from home as it offers video calls for large groups of people, coming with both paid and free tiers. 



    Boeing


    Research accumulated by Learnbonds has indicated that airplane producer Boeing’s gross aircraft orders for 2019 slumped to an all-time low, fuelled by a drop in orders for the 737 model.

    The data shows that the gross orders declined from 1,090 recorded in 2018 to 246 representing a decline of about 80%.

    Last year,  the American manufacturer received only 69 unit orders for the 737 model.

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    This was a significant drop of about 91.7% from the 837 orders received in 2018, mainly linked to the safety concerns around the 737 Max following two fatal crashes.

    The COVID-19 crisis’ restrictions on global travel has helped further said slump for the aircraft maker.

    Bitcoin

    Learnbonds’ sister site InsideBitcoins reported that between 22 January and 22 March, the price of Bitcoin has dropped by 48% also due to the COVID-19 pandemic.

    However, the data said the asset showed fluctuations even attaining 2020’s all-time high of $10,334 on 12 February.

    A month later the cryptocurrency hit its lowest mark of the year at $4,987 on 16 March.

    RELATED: Crypto currencies: inciting illegalities or innovation?

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    About the author

    Niamh is a Sync NI writer with a previous background of working in FinTech and financial crime. She has a special interest in sports and emerging technologies. To connect with Niamh, feel free to send her an email or connect on Twitter.

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