After an epic 517% run in 2020, Farfetch (NYSE: FTCH) stock has come back down to reality in 2021. Shares of the e-commerce firm are down 33% year to date, in spite of a rock-solid second-quarter earnings update that shows business is still booming.
Luxury and high fashion have produced the world's richest person: Bernard Arnault, founder and chair of LVMH Moët Hennessy-Louis Vuitton. But can investing in Farfetch's digital-forward take on luxury goods get you a cut of the spoils? If you have the patience for a volatile growth stock, it certainly might.
Image source: Getty Images.
Source Fool.com