Seeking alpha snap stock price update#

Snapchat's Daily Active Users increased in Q1, but its revenue and earnings fell short of expectations.

( AAPL) and also because of European civil unrest.

Seeking alpha snap stock price update#

The company recently began testing ad-supported short-form video content, but it was hampered by the new iOS update rolled out by Apple, Inc. Snap does not have the same advantages in the advertising market as some of its competitors. While Snapchat's userbase has grown consistently in the last three years, investors have been concerned by the company's struggles in the ad business. This is understandable given both these platforms are yet to develop strong competitive advantages, which leaves them vulnerable to competitive pressure.Įxhibit 1: PINS vs SNAP performance in the last 12 months Data by YCharts Meta Platforms stock did not struggle until the beginning of this year, but PINS and SNAP have been under pressure for much longer because of competitive pressures. Pinterest vs Snap: Financial Performanceīoth PINS and SNAP have disappointed investors in the last 12 months and are trading lower this year despite showing signs of growth. Snapchat, therefore, primarily functions as a messaging app whereas Pinterest is more of a platform that helps users browse and save content. The platform allows messages to be in recipients' inboxes for a limited time before they become inaccessible, and messages also disappear once viewed. Snapchat’s main feature is that pictures and messages are meant to disappear automatically. Snapchat, on the other hand, entered the market intending to create a messaging platform that is different from the existing options at the time. This platform is frequently compared to owning a website or a blog because Pinterest's searchability works similarly to a website and a post lasts much longer on Pinterest than on any other social media app. What distinguishes Pinterest is its Pin Board, where users can add/save ideas for future reference. Pinterest is a digital idea-sharing platform with over 400 million users who share and save photos, videos, and links to different ideas. Pinterest, for example, was created to allow users to Pin their interests. While both these companies serve the same market, they each provide a unique service. ( NYSE: SNAP ) to determine which of these stocks is the better buy for long-term-oriented investors. In this article, we will look at Pinterest, Inc. With tech stocks taking a plunge, many high-growth companies appear to be trading at very attractive prices compared to a few months ago. TikTok's popularity during the pandemic has boosted the creator economy, and content creation is increasingly being recognized as a full-time career. A classic example is how TikTok, with the introduction of short-form video content, is threatening dominant players such as Facebook and Instagram owned by Meta Platforms, Inc. There is no room for a social media platform to undermine the threat posed by new players. This highly competitive nature of the industry calls for existing players to step up their game to remain relevant. As we enter a new chapter of the Internet, new players are entering the social media space and competition is reaching new highs. Over the last decade, social media platforms have grown dramatically to become an important part of people’s lives.

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