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31.07.26 - 18:12
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Alphabet Jumps 6%, Reddit Craters 23% in Social Media Stock Divergence? (24/7 Wall St.)
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Social media stocks are pulling in opposite directions midday Friday, with Reddit (NYSE:RDDT) shares down 23% to $136.32, marking the stock's worst intraday drop since its 2024 IPO. At the same time, Alphabet (NASDAQ:GOOGL) stock is up 6% to $352.45. The split is jarring because both names sit inside the same sector proxy. Meta Platforms ... Alphabet Jumps 6%, Reddit Craters 23% in Social Media Stock Divergence?...
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31.07.26 - 16:12
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What Meta Now Has to Prove Following Its Earnings Release (24/7 Wall St.)
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At $585.61, Meta Platforms (NASDAQ:META) sits at a crossroads. The stock just snapped a six-quarter EPS beat streak and reset investor expectations around AI spending, making conviction in either direction premature at this price. Meta owns the largest social advertising network on the planet, monetizing 3.60 billion daily active users across Facebook, Instagram, WhatsApp, and ... What Meta Now Has to Prove Following Its Earnings Release...
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