Why I Bought Shares of a Company Decimated by COVID-19
Lots of stocks, especially those with some connection to cloud computing, thrived during the COVID-19 pandemic and some did well because of it. Ten years' worth of migration to digital services had to effectively be squeezed into 10 months if some of these businesses wanted to survive. That horrible and distressing situation for many actually helped several of the stocks I own have a banner 2020.
But my latest stock purchase would have been an outlier with much of my portfolio last year. Consider what happened in 2020 for this technology company:
And yet, despite these disappointing metrics, I recently put over 3% of my family's real-life holdings into Airbnb (NASDAQ: ABNB). Read below to see why I consider it worthy of your consideration, too.
Source Fool.com
