2 Internet Stocks for Long-Term Investors and 1 Facing Challenges

Consumer internet businesses are redefining how people engage with the world by giving them instant connectivity and convenience. Despite the tailwinds, their demand largely hinges on consumer spending habits, which investors believe are weakening. As a result, the industry has pulled back by 29.8% over the past six months. This performance was much worse than the S&P 500’s 5.5% decline.