3 Social Media Stocks That Are Attracting More Users and Profits

Category: Finance

High user growth rates and solid financials characterize leading social media stocks like Meta Platforms, Alphabet, and Microsoft. Meta has seen a 27% revenue increase and a 117% rise in net income year-over-year, while Alphabet's YouTube generated $8.1 billion in ad revenue, reflecting a 20.9% YOY increase. Microsoft, with its LinkedIn platform, has also shown steady growth, gaining 20% YTD. These companies are well-positioned for future growth and dividend increases.

Keywords: Social Media Stocks, Meta Platforms, Alphabet, Microsoft, Investment Opportunities

Source: InvestorPlace

Update At: 7/29/2024

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