Tuesday, March 20, 2018
Social Media Dip
Social media stocks are down significantly this week as Facebook (FB) comes under extra scrutiny due to data and privacy issues. The opportunity remains in Twitter (TWTR) on this dip.
Facebook is now relatively cheap though the social site is likely to face the most scrutiny providing the opportunity for Twitter to steal users. Not to mention, Twitter is less focused on users private information and hence should see less blowback from politicians.
Interestingly though, Twitter is down the same 10% as Facebook. Snap (SNAP) is only down about 7%.
Disclosure: Long TWTR. Please review the disclaimer page for more details.