During the Pandemic and Beyond, Which Stock Is a Better Buy: MercadoLibre or Facebook?
This year started out like any other, but the advent of COVID-19 and the pandemic-induced bear market changed everything. The shelter-in-place orders and resulting trend towards remote work shifted the digital transformation into high gear, giving some companies a significant advantage over their peers. Among the biggest beneficiaries were e-commerce, cloud computing, digital payments, streaming video and music, and social media.
Within that group are two companies in different areas of technology that have been among the biggest performers in the sector over the past decade: social media giant Facebook (NASDAQ: FB) and Latin American e-commerce and payments powerhouse MercadoLibre (NASDAQ: MELI), which have gained 635% and 1,560%, respectively, over the past 10 years.
Much like the lyrics to the song, though, investors want to know "What have you done for me lately?" Let's see how these tech titans have fared during the pandemic, and which is better positioned for future growth.
Source Fool.com
