The COVID19 pandemic continues to push several governments to instruct the public to stay indoors, which in effect enables certain companies and sectors to benefit.
Practicing social distance and washing hands are not enough as the COVID19 coronavirus outbreak worsens in Europe, North America, and in certain regions in Asia. For most, quarantine and lockdown are the best options to contain the spread of the virus.
While brick-and-mortar businesses have been seeing a significant profit decline since the quarantine, selected companies including Netflix, Steam, and 3M record promising gains.
Netflix, which is the world’s biggest subscription streaming service to date, is expected to benefit the most from the said quarantine. It can expect new subscriptions in the duration of the quarantine, on top of the expected increase in the streaming hours of the shows on Netflix, including Altered Carbon and Kingdom.
More people will be staying home without access to outdoor activities and recreational areas, thereby prompting them to stream shows, movies, and documentaries online. The California-based company, however, faces competition with other streaming services like Disney+, Hulu, and Amazon Prime.
Following the same fate of Netflix are the online casinos that serve as the perfect alternative for land-based casinos. Players will still be able to enjoy their favorite slots, especially those from Endorphina during the quarantine, along with table games at the comfort of their own home, especially when they use crypto for betting during the quarantine.
Also related to online gaming, Valve’s Steam reached a record of having over 20 million players within a 24-hour period. This was the first time Steam had that number of players logged in and playing at the same time. The video game digital distribution service also pointed out the top three games enjoyed by millions of players worldwide, namely Counter-Strike: Global Offensive, Dota 2, and PUBG.
Meanwhile, the American multinational company 3M is also expected to have the upper hand until the end of the coronavirus outbreak. 3M is the leading producer of medical accessories like N95 masks, which are essentially needed by medical and health professionals. But 3M CEO Mike Roman clarified that they will not increase the price of their N95 masks. Therefore, a profit gain by the end of the outbreak would come from the increase in the volume of purchased masks instead.
On another note, as everyone is advised to stay indoors and work from home, many companies in various industries now use the video conferencing solutions offered by Zoom. And through 2key SmartSession pay wall, users can set up video conferences and accept cryptocurrency payments in Zoom video calls.
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