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Stocks To Invest In Right Now? 2 Social Media Stocks In Focus

Social Media Stocks to watch in the stock market today.

The social media sector is a vibrant and rapidly evolving segment of the technology industry, comprised of companies that facilitate digital interactions among users through various platforms. These platforms range from networking sites like Facebook and LinkedIn to multimedia-sharing platforms such as Instagram and YouTube. The sector is characterized by its vast reach, with many platforms boasting user bases in the hundreds of millions or even billions, and its potential for significant growth as internet accessibility and digital marketing continues to expand globally.

Investing in social media stocks means buying shares in these companies, and it can be an attractive proposition for several reasons. Firstly, social media usage continues to climb, creating a vast and growing market for these platforms. Secondly, the digital advertising market, a key revenue stream for social media companies, is also on a growth trajectory as businesses increasingly shift marketing dollars from traditional channels to online ones.

However, investing in social media stocks comes with its own set of risks. The sector is subject to changing user preferences, significant regulatory scrutiny, and intense competition among platforms. As with any investment, potential investors should conduct thorough research and consider the risk factors unique to this dynamic and highly visible sector. Bearing this in mind, here are two social media stocks to check out in the stock market now.

Social Media Stocks To Invest In [Or Avoid] Now

Meta Platforms (META Stock)

Starting off, Meta Platforms (META), previously known as Facebook Inc., is one of the world’s leading social media companies. The company’s products include Facebook, Instagram, Messenger, WhatsApp, and Oculus, among others.

Last month, Meta Platforms reported a beat for its second quarter of 2023 financial results. In detail, the company announced Q2 2023 earnings of $3.23 per share along with revenue of $32.00 billion. This is in comparison with analysts’ estimates for the quarter which were earnings of $2.87 per share with revenue of $31.06 billion. Meanwhile, revenue advanced by 11.02% versus the same period, the prior year.

In the last six months of trading, shares of Meta Platforms stock have grown by 60.98%. Meanwhile, on Friday morning, META stock is trading lower off the open by 2.84% at $276.98 a share.

Source: TD Ameritrade TOS

[Read More] 3 REIT Stocks For Your August 2023 Watchlist

Pinterest (PINS Stock)

Next, Pinterest (PINS) is a unique social media platform that allows users to discover, share, and save creative ideas through images, videos, and links, known as Pins. Pinterest has grown to become a major player in the social media space, attracting users who are looking for inspiration in various areas such as fashion, home decor, cooking, and more.

At the beginning of this month, Pinterest announced a better-than-expected second quarter of 2023 financial results. Diving in, the company reported Q2 2023 earnings of $0.18 per share on revenue of $708.03 million. This is versus Wall Street’s consensus estimated earnings was $0.12 per share along with revenue of $695.64 million. Moreover, revenue gained by 6.32% on a year-over-year basis.

In the last six months of trading, shares of PINS stock have increased by 7.10%. Meanwhile, during Friday morning’s trading session, Pinterest stock is trading lower on the day so far by 1.93% at $26.19 a share.

Source: TD Ameritrade TOS

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By Josh Dylan

Josh Dylan is an active contributor to His forte is in geosocial events and emerging trends in the stock market today. As an active contributor to other financial outlets like, his ability to study current events and determine the potential market reaction is what sets him apart from other writers.

After studying at UC Santa Cruz and earning a bachelor's of art and art history, Josh also went on to start his own business in art resale. Identifying underserved niches like this has allowed him to think outside the box when it comes to applying this approach to the stock market.

His new-age take on social media and branding gave Josh the foresight to apply certain lifestyle trends to market moving topics. This has included the recent trend in the cannabis industry and marijuana stocks as well as following emerging technology such as artificial learning and web-bots. Fundamentals are just as important as momentum in Josh’s opinion. Being able to understand how to apply popular trends to investing is of major importance. If the price of oil is sinking but the price of gold is following along, we want to understand why, not just follow the broader trend.

Josh Dylan makes it a point to not only mention what hot “today” but also find ways to apply that to find future opportunity in the stock market. What’s more is that Josh has become an active part in the social media team. He works to delivery top research not only one but also bring it to the readers, directly.

By studying the macro-economic events in the market, Josh makes sure to find events that could shift micro-economic trends. He prides himself on taking a unique approach to information but not taking things for “face value”. When it comes to the stock market, things can change at a moment’s notice and Josh makes sure to stay ahead of that with sound research and diligence. When Josh isn’t writing about the stock market, he enjoys spending time with his family and surfing. He currently calls Southern California his home.

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