Dump Trump. Buy These 3 Social Media Stocks Instead

InvestorPlace04-25

A long and harrowing SPAC battle reduced Truth Social’s relevance since it launched but these social media stocks remain top contenders. Rumble (RUM): Rumble is a top alternative social media stock ...

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Buy These 3 Social Media Stocks Instead\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-25 18:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2024/04/dump-trump-buy-these-3-social-media-stocks-instead/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A long and harrowing SPAC battle reduced Truth Social’s relevance since it launched but these social media stocks remain top contenders.\nRumble (RUM): Rumble is a top alternative social media stock ...</p>\n\n<a href=\"https://investorplace.com/2024/04/dump-trump-buy-these-3-social-media-stocks-instead/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00BMPRXN33.USD","symbol_name":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","start_time":0,"source_url":"https://investorplace.com/2024/04/dump-trump-buy-these-3-social-media-stocks-instead/","article_id":"2430947290","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2430947290","pubTimestamp":1714039740,"sourceInfo":{"source_id":"investorplace_stock_picks","name":"InvestorPlace stock picks"},"weMediaInfo":null,"summary":"A long and harrowing SPAC battle reduced Truth Social’s relevance since it launched but these social media stocks remain top contenders.Rumble : Rumble is a top alternative social media stock running the playbook that Truth Social can’t quite manage.Meta Platforms : It’s hard to beat the best, and Meta is undeniably dominant.In the years between its launch and eventual special purpose acquisition company  merger, Elon Musk realigned X into a more widely permissible public forum, and a range of alternative social media venues stepped up to cover other gaps in consumer preference. Unfortunately for shareholders, this leaves Truth Social and Trump Media & Technology in a tricky position moving forward.","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","BK4507":"流媒体概念",".IXIC":"NASDAQ Composite","LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","GB00B4LPDJ14.GBP":"FUNDSMITH EQUITY \"R\" (GBP) ACC","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","BK4524":"宅经济概念","BK4592":"伊斯兰概念","BRZE":"Braze, Inc.","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","PSQ":"纳指反向ETF","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","MTCH":"Match Group, Inc.","BK4209":"餐馆","TQQQ":"纳指三倍做多ETF","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","QLD":"纳指两倍做多ETF","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","QQQ":"纳指100ETF","LU0211331839.USD":"FRANKLIN MUTUAL GLB DISCOVERY \"A\" (USD) ACC","META":"Meta Platforms","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU0433182093.SGD":"First Eagle Amundi International AS-C SGD","LU0109391861.USD":"富兰克林美国机遇基金A Acc","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","LU0068578508.USD":"First Eagle Amundi International Cl AU-C USD","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","RUM":"Rumble Inc.","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","QSR":"餐饮品牌国际","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","LU0079474960.USD":"联博美国增长基金A","SQQQ":"纳指三倍做空ETF","QID":"纳指两倍做空ETF","LU0208291251.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) INC","LU0056508442.USD":"贝莱德世界科技基金A2","BK4023":"应用软件","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD","DJT":"特朗普媒体科技集团"},"translate_title":"甩了川普。改为购买这3只社交媒体股票","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RUM":1,"QSR":1,"BRZE":1,"DJT":1,"META":1,"MTCH":1,".IXIC":0.9,"PSQ":0.6,"QID":0.6,"QLD":0.6,"QQQ":0.6,"SQQQ":0.6,"TQQQ":0.6,"MNQmain":0.6,"NQmain":0.6},"content_text":"A long and harrowing SPAC battle reduced Truth Social’s relevance since it launched but these social media stocks remain top contenders.\nRumble (RUM): Rumble is a top alternative social media stock running the playbook that Truth Social can’t quite manage.\nBraze (BRZE): The innovative adtech platform may soon be prevalent across all social media companies.\nMeta Platforms (META): It’s hard to beat the best, and Meta is undeniably dominant.\n\n\n\n\n\n \n\nSource: mama_mia / Shutterstock.com\n\n\n\nThough Trump’s social media stock, Trump Media & Technology Group (NASDAQ:DJT), had an initially compelling value proposition, the intervening years haven’t been kind to the company. Truth Social, the primary social media platform under the broader corporate umbrella, came about as a less censorious alternative to social media companies like X (known at the time as Twitter).\nIn the years between its launch and eventual special purpose acquisition company (SPAC) merger, Elon Musk realigned X into a more widely permissible public forum, and a range of alternative social media venues stepped up to cover other gaps in consumer preference. Unfortunately for shareholders, this leaves Truth Social and Trump Media & Technology in a tricky position moving forward.\nTrading at a truly shocking 700x revenue with rapidly dwindling download rates, Truth Social is far from the top pick among alternative social media stocks in today’s market — but these three may offer improved prospects.\nRumble (RUM)\nSource: rafapress / Shutterstock.comRumble (NASDAQ:RUM) is the social media stock most directly analogous to Truth Social. Branding itself as a YouTube alternative that platforms alternative political pundits alongside more mundane (and traditional) video fare means that Rumble can target multiple consumer swaths. By including disenfranchised mainstream platform refugees alongside more mainstream watchers diversifying their viewing habits, Rumble narrowly targets both sales streams in a recipe for success as the social media stock grows.\nRumble’s multi-niche targeting plan is already bearing fruit a few months after closing a deal with Barstool Sports to offer viewers a full range of the sport site’s video content alongside advertising opportunities for both parties. Rumble’s performance is improving across multiple indicators, including monthly active users, active live viewership, and app downloads. Likewise, the company’s end-of-year revenue more than doubled in 2023 compared to 2022. We’ll need to wait a few weeks before Rumble posts first-quarter financials. Still, if other leading indicators prove reliable, investors should expect big things from this social media stock moving forward.\nBraze (BRZE)\nSource: weedezign via ShutterstockSocial media advertising technology is undergoing a silent but steady series of transformations as digital consumer trends evolve and influencer or creator-centric media replaces legacy fare like cable. While venture capital continues to flow into private adtech companies, publicly-traded Braze (NASDAQ:BRZE) stands out as an up-and-coming social media stock perfectly positioned to capitalize on these emerging marketing trends. Braze helps brands to manage multichannel marketing across all major digital platforms with a fresh and unique approach.\nUnlike legacy adtech companies that target consumer segments with aggressive campaigns, Braze navigates consumer engagement more effectively. It manages curated journeys accompanying users across platforms, providing a personalized and unique experience. This personalization fosters a mental connection between the user and the brand, often converting potential customers quickly. This effectiveness is why prominent names like Match (NASDAQ:MTCH), NASCAR, and Restaurant Brands International (NYSE:QSR) take advantage of Braze’s unique services.\nBraze isn’t yet profitable and admittedly trades at a premium, though far less overvalued than Trump Media & Technology, considering it trades at “just” 8x sales. Still, Braze is a leader in emerging advertising trends, and early entrants like Braze often need a bit of time to build momentum and generate word of mouth among top-dollar corporate clients.\nMeta Platforms (META)\nSource: rafapress / Shutterstock.comThough a far cry from alternative social media stocks, Meta Platforms (NASDAQ:META) is rapidly right-sizing operations and, by watching X’s growth post-Musk, may be positioning itself to realign company values with changing consumer preferences for freer speech and greater diversity of opinion. Though often tagged as a platform for Boomers, Meta is on track to remain dominant among Gen Z audiences, which may increase further as TikTok’s short-term future comes into question.\nWhile Mark Zuckerberg’s metaverse vision has faced delays, shifting towards virtual reality as a staple in future digital and social interactions seems inevitable. Despite a dip in interest in metaverse-style fashion shows and real estate ventures due to technological and accessibility challenges, demand in this sector is steady (if not spectacular). To that end, Meta’s metaverse initiative stands poised to dominate the burgeoning social media landscape even if initial rollout operations were a bit premature.\nWhen you add its forward-thinking outlook to its existing base of over 10 million active advertisers who pay premium rates for visibility on users’ feeds, Meta clearly ranks as a top social media stock to anchor a diversified portfolio including other, alternative social media offerings.\nOn the date of publication, Jeremy Flint held a long position in RUM. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.\nJeremy Flint, an MBA graduate and skilled finance writer, excels in content strategy for wealth managers and investment funds. Passionate about simplifying complex market concepts, he focuses on fixed-income investing, alternative investments, economic analysis, and the oil, gas, and utilities sectors. Jeremy’s work can also be found at www.jeremyflint.work.Communications, Media, Social MediaGrowth Stocks\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nSubmit\n\n\n\n\n\n\n\nArticle printed from InvestorPlace Media, https://investorplace.com/2024/04/dump-trump-buy-these-3-social-media-stocks-instead/.\n©2024 InvestorPlace Media, LLC","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2430947290"}