Social networks have changed the way people live. With no doubt, the social platform industry has also received a lot of attention from investors. Are massive market hedges and high valuations in the industry justified, or is this another case of “irrational overdraft”?
Snap Inc (SNP)
Snap has only existed since 2011 and has only been listed on the stock market since March 2017. The company is the creator of Snapchat, one of the most popular social networking applications. Snapchat is aimed at those in the age group of 18 to 24 years.
Another young company, Twitter, was launched on November 7, 2013. Twitter closed its trading on the first day at almost $45 per day. Share. Since it was made public, Twitter Twitter has experienced a roller coaster. Shares fell as low as $ 14 in 2016 and 2017 before rising to their current price north of $ 31. Investors who bought at the most on opening day are still underwater five years later.
Facebook is the leader of the social media industry. In the last quarter reported, Facebook had almost 2,300 million Danish crowns. Members use their services by a month and almost 1.5 billion. People access Facebook every day. This totalled the dwarf snapshots or Twitter numbers. This type of user participation attracts the attention of advertisers to a large extent.
Yelp is a local search service that allows users to log in, evaluate and review their experience with local businesses.
Yelp is a popular search service that averages 31 million unique visitors to your application and 75 million visits through the site in the last quarter. Critics also left more than 171 million critics.
Weibo Corporation (WB)
Weibo has the most significant social networking platform in China was launched in 2009 by Sina. Chinese don’t have access to other forms of social media platforms such as Facebook and Twitter, as the government is trying to control the flow of information. This allows Weibo to avoid American competition in the social media sector in China.
The alphabet Inc is also known as Google, is one of the two companies on this list (the other is Microsoft) whose primary business is not directly related to social networking platforms, but that does not mean that investors are looking for exposure to that space. They should consider owning the action.
Though Microsoft’s main business is not in the social media industry.
On June 13, 2016, Microsoft decided to buy LinkedIn for $ 26.2 billion. USD. LinkedIn is a social network designed for business. LinkedIn allows staff managers to attract and retain the best talent for their positions. LinkedIn exists since 2003 and has more than 300 million members distributed in 170 different industries.
Keywords: best tech stocks to buy right now, best tech stocks for 2019, cheap tech stocks, tech stocks under $10, best stocks to invest in right now, best stocks for 2019, top 5 tech stocks to buy now
Featured Image: Unsplash