September 13, 2022

The Long-Term Prospects for Social Media Stocks

Around a month ago, as the big online-advertising focused tech and social media companies released earnings, I wrote a piece saying that, based on the reactions to earnings from Twitter (TWTR) and Snap (SNAP), buying both Meta (META) and Alphabet (GOOGGOOGL) on post-earnings weakness looked like a good strategy. Both stocks obliged, dropping on release day, only to bounce back immediately and put on around twenty percent over the ensuing two weeks or so. Still, that was clearly a short-term strategy, so now the question becomes: Are social media-related stocks good long-term buys at current levels?

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