Tiger Newspress2022-02-03
Social Media Stocks Slumped in Morning Trading, with Snap Falling 18% and Twitter Falling Nearly 6%.
In Meta's report, the new focus on grouping application revenue into "Family of Apps" has actually slightly obscured the fact that the namesake Facebook app actually declined quarter-over-quarter in daily active users.
Earlier, Morgan Stanley dove into engagement data to find clues about which social media companies could leverage it for monetization.
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