After Friday’s mayhem, SNAP is now leading social media stocks higher amid a positive broader market momentum.
A disappointing Q3 and lack of a Q4 outlook had impacted the stock but since then it has climbed back to the current $9.2 level from lows of $7.42.
Participating in this momentum is META with gains of 4.35% today. The company is slated to report quarterly numbers tomorrow while investor Altimeter Capital has suggested headcount trim and expenses cut down in an open letter to the social media giant.
Finally, Twitter is inching toward the $54.20 mark, and the Friday deadline for its buyout by Elon Musk.
Here are some stocks that could be affected by this news:
- Snap (NYSE:SNAP)
- Twitter (NYSE:TWTR)
- Meta (NASDAQ:META)
- Pinterest (NYSE:PINS)
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