Big tech plays a big role in the stock market, and most tech-based companies offer good growth opportunities for investors. The biggest first trading day for a stock came when Facebook first launched its stock options, receiving 567 million trades in one day, with each share worth about $38. That’s almost six times the previous record of 120 million shares traded in one day, set by General Motors a few years earlier.
With all of that said and now getting that out of the way, it’s important to note that Meta hasn’t experienced the same kind of growth that its big-tech counterparts have. Despite the fact that this is the case, Meta stock is still up significantly and is currently valued at over $200. Now that Meta’s IPO is celebrating its 10th anniversary, it can be helpful to compare its stock performance over the past decade versus other big tech companies.
By far the most profitable investment of 2012 would have been Amazon, since that’s the kind of thing that could potentially grow your investment tenfold. A thousand dollars invested in Amazon stock a decade ago would now be worth over $10,000, or $10,149 to be precise. Microsoft ranks second, with shares up 879.8% over the past decade.
Apple also performed quite well, with a 768.8% increase in stock value that helped it earn third place in this competition. In fourth place is Alphabet, whose shares are up 739% over the same period.
Meta, on the other hand, saw its stock soar just 526%, and while that’s still a decent amount that many investors would be happy with, it doesn’t live up to the standards of its more established and positively perceived peers. That could be due to the massive 40% drop in the company’s share price in January, which was caused by numerous factors including a declining MAU count.
H/T: Statistics.
Read on: The number of homes around the world with smart devices is expected to keep increasing
Comments are closed.