It may be hard to imagine, but there are businesses that are still growing amid a pandemic.
With all the bad news in the media, you’d be forgiven for thinking that all businesses are struggling to stay afloat.
This crisis is somewhat unique, though.
Not all companies have been negatively impacted, as COVID-19 has hit some industries much harder than others.
Some industries are even thriving due to conditions caused by the coronavirus.
For instance, travel curbs and movement restrictions have adversely affected industries such as airlines, hotels and tourism.
But for essential services and internet-based businesses, these were either minimally affected or even saw growth accelerate due to a shift to digital.
Here are three companies that have witnessed explosive growth despite the crisis.
Peloton (NASDAQ: PTON)
Peloton was founded in 2012 and sells home exercise equipment such as exercise bikes and treadmills.
The company also offers a subscription service with workout routines conducted by trained professionals