Disclaimer:

Disclaimer: The blog posts and comments on this blog and posts on social networks are not investment recommendation, are provided solely for informational purposes, and do not constitute an offer or solicitation to buy or sell any securities. The opinions expressed on the blog are Petar Posledovich's. Petar Posledovich does not guarantee the accuracy of the information presented on this blog and social networks. The information presented is "as is". The blog is stocks analysis and valuation, Bitcoin, Cryptocurrencies, Artificial Intelligence, AI, deep-learning focused. Independent, unbiased AI insights. Petar Vladimirov Posledovich is not liable for any investment losses incurred by reading and interpreting blog posts on this blog and posts on social networks. Conflicts of interest: I may possess some of the securities, currencies or their derivatives mentioned in the blog post and posts on social networks! The blog is property of Wolfteam Ltd. www.wolfteamedge.com Respectfully yours, Petar Posledovich

Friday, April 26, 2024

Snap Earnings


 

Snap Inc, the owner of the Snapchat application beat on earnings and Snap's stock price is up 26 % today.

Snapchat, along with Pinterest are the two most viable Facebook competitors as social networks. Meta, Facebook owner's stock market capitalization is 1.12 trillion USD , while Snap and Pinterest's market capitalization hover around 24 billion USD currently.

Both Snapchat and Pinterest could make inroads into becoming even a minor competitor as a social network to Facebook, which could increase multiple fold their market capitalization, especially Snapchat Snap owner's, according to Wolfteam Ltd.'s projections and estimates.


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