Facebook (NASDAQ: FB) has become the dominant company in the social media space. But it does not hold a monopoly, and companies such as Snap (NYSE: SNAP) have managed to carve out niches and fight for a piece of the social media market.

The fact that Snap and Facebook's other competitors can thrive shows that competition remains in the social media space. For investors, it leads to the question of whether investors should opt for Facebook with its size and influence, or might they turn to a smaller company such as Snap in pursuit of higher potential returns?

Let's review some facts and information about both media stocks to see which might be the better buy for the investing public.

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Source Fool.com