Firms That Made Profits Because Of Lockdown

Since the COVID-19 pandemic which started in Wuhan province of Vhinayand spread to the rest parts of the world, most struggling and even developed countries have experienced an otherwise economic meltdown. This meltdown is induced by the lockdown declared in most places which spells out a ban of activities that involves production of goods and services. This has led to the crumbling of various industries and parastatals. Regardless of the pandemic, lockdown et al, there are few companies who have racked up millions and billions of Dollars just in the space of 4 months of lockdown. Together, firstly let's look at companies who have made huge financial progress.

1. Zoom: One very notable switch in the need for unphysical social gathering. Truly, the internet which was called 'a mobile village' years ago has lived up to its expectations. Many Churches, organizational, schools organize and host events on Zoom. Little wonder Eric Yuan, founder and CEO of Zoom joined Forbes list for the first time with his net worth hitting and estimated $5.5 Billion.

2. Network providers: Personally, I believe we need not much explanation to know that the network providers such as MTN, Airtel, Glo and 9mobile have made a fortune during this lockdown. This is because aside food, data is obviously the next most consumed commodity. Try connecting to Zoom without data, how possible can this be? Employers have encouraged employees to work from home. This action requires the use of data on a daily in sourcing for information, sending and receiving documents as well as posting on social media. Personally, I must confess that the time I spend with my phone on social media in two weeks is approximately equals to the time I spent in a month prior to the pandemic outbreak. This is because before classes and other human activities limits my usage of social media but with free time now present than ever, there's just no hindrance.

3. Information Hubs: Just like the book of Daniel in the Bible states that there would be an increase in knowledge as well as a search for information in the last days, the pandemic has brought truth to this reality. Information Hubs like Opera, Naij.com, Pulse.ng have been in contact relation with users because of the increase quest for knowledge.

4. Social Media: We understand how much time we spend on WhatsApp, Facebook, Twitter, Instagram and for our professional brethren, LinkedIn on a daily. We continually increase the net worth of the founders and CEO's of these companies.

Edaki Aaron Odion