There are scant silver linings in the market right now, but telehealth company Teladoc ($TDOC) stock is up 6% in one of the rockiest quarters in the history of Wall Street, as investors flock to any haven from the Coronavirus pandemic.
Already, it has accumulated hundreds of thousands of ratings in the Google Play Store and Apple Store - and earned high marks from consumers. But as Americans prepare to take on a global pandemic, the need for both social distancing and medical counseling is making services like Teladoc's particularly valuable, especially to investors who have been bidding shares up in 2020.
Teladoc made its IPO debut in 2015, and has seen headcount and share value grow steadily in the time since. Year-over-year, Teladoc job postings more than doubled, and hover around a peak as it gets plenty more attention from a growing user base.
Teladoc's Facebook ($FB) Talking About Count is soaring - although the company has far more Likes (40,000+; not shown) than it has chatter. Which is probably for a good reason, now's not the time to be flexing that trip to the physician or ER on social media. Then again.... when is?
The impact of the Coronavirus outbreak on Americans' consumer habits is a bit more clear looking at the post-2020 portion of our chart tracking Teladoc's Twitter ($TWTR) Following. Engagement has steadily increased over time, just like its reviews data in app stores, but as of late Teladoc has been getting quite a bit more attention on social media.
As Americans come down with more symptoms - be they real or imagined - of Coronavirus, they will increasingly need to turn to remote health options, as local and state officials are already issuing warnings of an over-burdened healthcare system, and Teladoc's role in fighting the pandemic could become much more crucial.
About the Data:
Thinknum tracks companies using the information they post online - jobs, social and web traffic, product sales and app ratings - and creates data sets that measure factors like hiring, revenue and foot traffic. Data sets may not be fully comprehensive (they only account for what is available on the web), but they can be used to gauge performance factors like staffing and sales.
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