Better Buy: Snap vs. Pinterest
OSocial media stocks have been some of the biggest beneficiaries of the COVID-19 pandemic. During lockdowns, engagement on these new-age platforms increased. Then, as the economy recovered, advertising dollars returned to these platforms with a vengeance, leading to booming revenue growth.
And yet, not all social media stocks are the same, with each platform differently positioned amid the economic reopening. That was on display this earnings season, with up-and-comers Snap, Inc. (NYSE: SNAP) and Pinterest (NYSE: PINS) moving in vastly different directions. Snap surged almost 25%, and Pinterest plunged almost 20% immediately after disclosing second-quarter results.
But after each stock's big move, which social media stock is the best bet now?
Source Fool.com
