A Nasdaq bull market could be under way already, or it might not get started for another year. Strong growth driven by pandemic lockdowns and an endorsement from Warren Buffett helped shares of StoneCo (NASDAQ: STNE) rocket up to dizzying heights in early 2021. Buffett's holding company, Berkshire Hathaway, still owns more than 4% of the Brazilian e-commerce company, but the stock has tumbled more than 90% from its previous peak.
Meta Platforms has been highlighted in this Investment Ideas article.
Alibaba Group (NYSE: BABA) and Shopify (NYSE: SHOP) are two very different e-commerce companies. Alibaba owns Taobao and Tmall, the two largest consumer-to-consumer and business-to-consumer marketplaces, respectively, in China. Shopify doesn't operate any online marketplaces, unlike Alibaba.