Meta vs. Reddit: Which Is the Better Social Media Stock?
What a year 2024 has been for the social media industry. TikTok faces a potential U.S. ban. Reddit (NYSE: RDDT) executed an initial public offering (IPO). Facebook parent Meta Platforms (NASDAQ: META) saw its stock price nearly double from a 52-week low of $274.38 last August to a high of $542.81 in July.
Meta's performance illustrates social media stocks' potential to deliver spectacular returns. But given the stock's recent run-up, is it too late to invest in Meta? Perhaps Reddit is the better choice since its life as a public company is just getting started.
Let's take a look at Meta and Reddit to answer these questions and help you assess which is the better long-term investment in the social media space.
Source Fool.com
Meta Platforms Inc. Aktie
429,00 €
2,51 %
Leichte Buy-Präferenz bei der Meta Platforms Inc. Aktie.
Ein positives Kurspotenzial für Meta Platforms Inc. ist gegeben, mit einem Kursziel von 500 € über dem aktuellen Kurs von 429.0 €.
