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. Read More...
During the Pandemic and Beyond, Which Stock Is a Better Buy: MercadoLibre or Facebook?
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.
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