The continuing rout in global stocks obliterated about $4 trillion of market value Monday, but one billionaire is managing to avoid the onslaught as social distancing becomes the norm.
Eric Yuan, the founder of Zoom Video Communications Inc., added $20 million to his net worth Monday while the S&P 500 plunged 12%. Shares of the video-conferencing company climbed 0.4%, boosting its year-to-date gain to 58%. They advanced an additional 3.5% in early trading Tuesday after Needham & Co. analyst Richard Valera recommended that investors buy the stock.
