In One Chart: Facebook can’t keep up with Twitter, and the Instagram news isn’t helping [MarketWatch]
Meta Platforms, Inc. - Class A (FB)
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Source: MarketWatch
Facebook can’t keep up with Twitter, and the Instagram news isn’t helping Since Facebook first went public in 2012, the stock has rallied more than 300% to reign supreme as the hottest stock in the social-media landscape. At the same time, Twitter has shed a third of its value since its initial trading day while Snap, the youngest of the trio, has had an even rougher showing. But there’s clearly a change afoot in 2018, as you can see by this chart. So far this year, Facebook Now there’s trouble brewing at Instagram, which has been hailed on Wall Street as a critical growth engine for Facebook and a much-needed bridge to a younger generation that’s increasingly shunning their parents’ platform of choice. Kevin Systrom, Insta co-founder and chief executive, announced that he and fellow co-founder Mike Krieger are leaving after eight years. As proof of how important Insta has become for Facebook, look at Wall Street’s reaction: Facebook’s stock traded lower while the Dow Jones Industrial
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