- Growth has slowed down for Facebook and apple ad tracking policies are impacting Facebooks' revenue.
- They are faced with competition from Snapchat, Twitter and Tiktok.
- Total revenue is up 37% over the past year.
- Daily active users are up 8% from last year.
- Facebook will fare better than Snap or Twitter during high inflation. Snapchat still reports...
Its cheap right now considering it reached $76 before the earnings came out. Apple advertising changes did affect Snap. It affected a lot of social media apps. However, the platform is continuously improving, and attracting new users. They have plenty of room for growth and innovation. In the long term, this stock is a buy.
