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.