The coronavirus pandemic has certainly taken a financial toll on consumers over the past year. In the United States, unemployment reached 14.8% in April 2020, according to the U.S. Bureau of Labor Statistics. However, the pandemic has also negatively affected social well-being, as it prevented friends and families from traveling and gathering together.
Fortunately, platforms like Facebook (NASDAQ: FB) and Zoom Video Communications (NASDAQ: ZM) were around to make life a little less difficult by allowing socially distanced interactions. Not surprisingly, both stocks performed well over the last year as a result, with share prices of Facebook gaining 80% in value and Zoom stock up 110%.
But which stock is the better buy today?