From Nasdaq: 2024-05-06 09:20:00

Meta Platforms and Snap had contrasting reactions to their latest earnings reports. Meta’s stock dropped due to a light revenue forecast and increased spending on AI initiatives. Snap’s stock soared after a strong report and stable guidance. Meta’s stock is up 24% for the year, while Snap’s has declined by 6%. Meta seems like a better long-term investment in the growing social media market.



Read more at Nasdaq: Better Social Media Stock: Meta Platforms vs. Snap