This is an AI-powered shopping platform for fashion that allows users to shop a personalized feed based on their active input on brand, style, and size. In June, Pinterest announced the acquisition of THE YES. PINS stock climbed by over 16% on Friday’s trading session. Thus, investors appear to be jumping on the bandwagon. This is largely due to reports suggesting that activist investor Elliot Management has acquired a stake of more than 9% in the company. Well, Pinterest has been the talk of the day. Through its platform, people discover and personalize visual content known as Pins. So, here are five of the top social media stocks worth watching in the stock market today.įirstly, we have the visual discovery engine company, Pinterest. Overall, one could say that social media will continue to remain relevant in the foreseeable future. It now generates up to 30 billion views per day, up 400% from a year ago. The company recently celebrated its one-year anniversary for its Shorts feature. Take Alphabet ( NASDAQ: GOOGL) as an example, the company’s Youtube platform is now the world’s second most popular website in the world. Sentiments aside, the social media space is still growing at a healthy rate. After all, many of the names in the industry are still highly profitable. Having said that, there is a valid argument that these bearish sentiments around social media stocks could be the perfect buy-on-dip opportunity for those who are more patient. Thus, casting doubts around their earnings outlook. With fears of rising inflation and interest rates, social media companies may opt to cut back on their spending. Are These Social Media Stocks The Best Growth Stocks To Buy Now?Īs the stock market has been exhibiting high volatility lately, investors may want to look for longer-term opportunities.
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