Meta wipes out pandemic boom, down nearly 50% over 5 years

Yahoo Finance's Akiko Fujita discusses Meta's returns compared to the S&P 500.

Video Transcript

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AKIKO FUJITA: [? A ?] look-- a longer look, I should say into shares of Meta, as the stock dropped 25% last week. Now, if you were one of the lucky ones to purchase shares of the tech giant five years ago, it is now down around 50% over the last half decade, erasing its gains from the pandemic.

This comes in the same period in which the S&P 500 is up more than 40%, despite the downswings for major tech companies. And as investors are embracing the idea that a slowdown could go on for years. [INAUDIBLE] certainly be seeing this trend of the S&P 500 outperforming those big names, like Apple and that could continue a lot of pain for those holding on to those Meta shares.