Better Social Media Stock: Snap or Meta Platforms
Back in late 2018, Snap's (NYSE: SNAP) stock price dropped to an all-time low of $5 a share -- which was far below its IPO price of $17. At the time, it seemed like Facebook, now known as Meta Platforms (NASDAQ: FB), would render Snapchat obsolete with Instagram Stories.
Nevertheless, Snap survived Meta's relentless assault by locking in its core audience of younger users with new AR lenses, games, and short videos. It started gaining more users again as it expanded overseas, and its stock rebounded and closed at an all-time high of $83.11 last September. However, Snap's stock has subsequently tumbled back to about $30 per share.
Image source: Getty Images.
Source Fool.com
