Best Social Media Stocks To Buy
Social Media
Social Media is all over the world and is used to connect with other people. The main purpose of social media is to exchange information such as ideas, interests, news, and tons more for entertainment and learning. As social media is becoming widely popular, these social media companies are ramping up their game by adding cool features and attracting tons of people to use their platform for various reasons. This in return attracts tons of investors to buy their shares.
Snap (SNAP):
This company that call’s itself a “camera” company is enhancing its stock price significantly because of its impressive quarterly earnings. Users in Snapchat have access to its innovative features such as manipulating pictures to the users liking, augmented reality, buying tickets, playing games, and reading the latest news. Even at one point, Facebook wanted to buy the company because of its amazing growth and awesome features that attract tons of users all over the world. As the company continues to offer more services and products, it will likely attract more users, thus more opportunities for investors.
Twitter (TWTR):
Just like Snapchat, this company is breaking records with its quarterly earnings. Users in Twitter use the platform for free public speech and conversation with others all around the globe. Twitter is also used for marketing, live events, and news, which significantly boosts the number of users on its platform. As Twitter continues to emerge as a social media giant like Snapchat, it will continue to grow.
Pinterest (PINS):
This company is turning things around for its company by starting to clear its debt and expand its business to other countries. These upgrades will significantly make the company less risky to invest in as it was known to be a volatile stock. Also, not to mention, its pinboard-style photo-sharing concept has made it a very popular platform to use and a great stock to buy.
Facebook (FB):
You might be thinking right now, why is this a trustworthy company to invest in? I was surprised at first this was a top choice by investors because, in my opinion, it is the worst social media app to use. Well after some research, I came to know it’s one of the biggest social media platforms with billions of users. While it has tons of problems such as lawsuits, hacks, and more, it continues to be a social media giant.
Spotify (SPOT):
Spotify has sent the music sector of social media soaring for years by now. With its massive user base that is around 400 million monthly active users. With less than a billion users, it has a long way for continual growth that would make this stock a great long-term investment. As it continues to expand to other countries and add awesome features such as podcasts, this company has the opportunity to become the world’s best music platform for users in the next decade or so.
Zynga (ZNGA):
This is a low-cost stock that is rising rapidly in the gaming sector of social media. This company is a game developer that is gaining recognition for its popular games that are causing its stock price to soar. I’m sure it will continue to rise through its popular social and mobile games that people love to play.
Global X Social Media ETF
If you don’t prefer investing in individual social media stocks, you can invest in top social media companies with this ETF. This fund so far has had tremendous growth due to the social media boom during the pandemic. It’s a great Social Media fund to invest in if you’re interested.
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