Since everyone has an opinion when it comes to social media stocks, let’s hold a quick poll tonight. Even after the drubbing $SNAP took today, down 21% on it’s very first public quarterly report, the company still trades at a market cap of…….Drumroll…….. $21 Billion. 21 billion is what it would take to buy out SNAP here at $18 per share.
Facebook trades at a market capitalization of $424 Billion, absurd right? But, Zukerberg owns the world so it is what it is.
Twitter trades at a valuation of 13.5 Billion here, also at $18 per share. It will be interesting to see if the company can gain some momentum from Mark Cuban’s comments on the move into AI, as well as Mr. Gundlach moving in to expel fake news. Twitter is in an interesting spot.
Gun to the head here, which one do you buy here for the remainder of 2017? We will review these results at year’s end. Please vote below: