By Paul R. La Monica, CNN BusinessThe huge pandemic boom for virtual health company Teladoc appears to be over. More people are willing to leave home for doctor visits, and shares of Teladoc plunged more than 45% Thursday. The company warned of a weak sales outlook and higher costs in its earnings report after the closing bell Wednesday. Amazon has launched its own telehealth service and other Teladoc rivals are spending heavily on marketing to attract customers. The Ark Invest founder’s flagship fund is a major holder of Teladoc, Zoom and Roku as well as other hard hit momentum stocks such as Tesla, Coinbase and Square owner Block.

Source: CNN April 28, 2022 16:55 UTC