Happened to come across this old comment thread discussion whether holding too much Facebook stock was too risky. In the four years since the comment on Sep 21, 2020, Meta stock is up >100% and at an all time high. However, before reaching that point, it also had as large as a 60% drawdown vs the Sep 21 value, which occurred in late 2022 (notably, around the time of the FTX collapse).
Happened to come across this old comment thread discussion whether holding too much Facebook stock was too risky. In the four years since the comment on Sep 21, 2020, Meta stock is up >100% and at an all time high. However, before reaching that point, it also had as large as a 60% drawdown vs the Sep 21 value, which occurred in late 2022 (notably, around the time of the FTX collapse).