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Zoom Founder Drops $5 Billion as Vaccine Hits Covid Winners

  • Peloton, Netflix and Sea all slump on Pfizer vaccine report
  • Netflix’s Hastings, FedEx’s Smith also see drops in net worth
Eric Yuan
Eric YuanPhotographer: Michael Nagle/Bloomberg
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Eric Yuan is, in many ways, the poster child for the coronavirus economy.

His Zoom Video Communications Inc. has hosted school lessons, family gatherings and business meetings for more than 300 million participants a day during the pandemic. The stock of the video conferencing site has soared more than 500% this year and Yuan, a Chinese-born immigrant to the U.S., was at one point worth $28.6 billion -- the 40th wealthiest person on the planet.