Social media stocks have been some of the most profitable investments in the stock market in recent years. As the world moves further into the digital age, companies that are at the forefront of developing and capitalizing on social media technology are sure to reap the rewards. With the world of social media becoming increasingly competitive, it’s important to stay ahead of the game and watch out for the top 5 Social Media Stocks to Watch Out For 2023.
From established companies to up and coming disruptors, these stocks are sure to be high performing investments as we move into the next year. From the highly-valued technology giants to the up-and-coming disruptors, these social media stocks are sure to be on the rise in the coming year.
1) Facebook
Facebook has been one of the most successful social media companies in the world since its launch in 2004, and it continues to dominate the social media landscape today. Facebook currently has 2.32 billion monthly active users (MAUs), making it the most highly used social platform in the world. Facebook’s MAUs are expected to reach 2.48 billion in 2023.
In addition, there are a total of 2.3 billion Facebook users as of Q3 2018, a number which is expected to reach 2.5 billion in 2023. Facebook currently has a market cap of $495.86 billion. The social media giant will be sure to keep its top spot in the social media world in the coming years.
2) Twitter
Twitter is one of the most undervalued social media stocks on the market today. While the company’s valuation is significantly lower than that of other social media giants like Facebook and Instagram, it has grown into a powerful platform in recent years. Since its acquisition in 2013 by current CEO Jack Dorsey, Twitter has taken off in popularity, with many analysts predicting that it will soon overtake Facebook’s value.
Twitter currently has 330 million MAUs, with a projected MAU growth to 336 million in 2023. In addition, there are a total of 337 million Twitter users as of Q3 2018, which is expected to reach 353 million in 2023. Twitter currently has a market cap of $31.35 billion. With Dorsey at the helm and the continued growth of the platform, Twitter is sure to be a top performer in the coming years.
3) Snapchat
Snapchat’s rise to power has been swift and sure, and it seems that the social media platform may be the next big thing in social media. Snapchat currently has 191 million MAUs, with a projected MAU growth to 196 million in 2023. In addition, there are a total of 209 million Snapchat users as of Q3 2018, which is expected to reach 216 million in 2023.
Snapchat currently has a market cap of $19.68 billion. Snapchat is a relative newcomer to the social media world, having launched in 2011, and has quickly risen to popularity. With the release of monetization features such as the Snap Store and the launch of the Snap Channel, Snapchat has shown its potential to become a top social media platform.
4) Pinterest
Pinterest has grown from a small social network for fashion lovers into a powerful platform for users of all interests. The social network is currently the second most used platform for online shopping, making it a lucrative platform for advertisers. Pinterest currently has 350 million MAUs, with a projected MAU growth to 360 million in 2023. In addition, there are a total of 375 million Pinterest users as of Q3 2018, which is expected to reach 387 million in 2023.
Pinterest currently has a market cap of $12.88 billion. This is a relatively low-valued social media stock, which makes it an attractive investment opportunity. Pinterest is a leader in the visual content platform space and will be sure to continue its growth trajectory in the coming years.
5) TikTok
TikTok has quickly become a top social media platform in recent years, overtaking both Snapchat and Musical.ly in terms of social networking users. TikTok has made headlines in recent months with its acquisition by Chinese e-commerce giant Alibaba, making it the first social media platform to be acquired by a Chinese company.
TikTok currently has 500 million MAUs, with a projected MAU growth to 519 million in 2023. In addition, there are a total of 519 million TikTok users as of Q3 2018, which is expected to reach 544 million in 2023. TikTok currently has a market cap of $10.42 billion. As the Chinese market continues to expand its influence in social media, TikTok is sure to grow significantly in the coming years.
Also Read- 6 Reasons To Invest In Tesla: A Comprehensive Guide
Summary
Social media stocks have been some of the most profitable investments in the stock market in recent years. As the world moves further into the digital age, companies that are at the forefront of developing and capitalizing on social media technology are sure to reap the rewards. From established companies to up and coming disruptors, these social media stocks are sure to be high performing investments in the coming year. From Facebook to TikTok, these social media stocks are sure to be on the rise in the coming year. However, investing in social media stocks can be risky.