As a Twitter, Snap and Meta revenue decline tests investor loyalty, will shareholders have the stomach to weather the storm?
this week Musk could take Twitter public again after a few years. With so much additional news surrounding Twitter, the comparisons to its peers on a stock performance basis were different.
That’s not to say the long-term outlook for these companies will remain bleak. As we’ve seen in recent years, Snap and Meta are putting a lot of money and resources into developing ways to have a meaningful presence in the future. Some refer to it as Web3, but the world is at the precipice of major technological change. What that future looks like is still anyone’s guess, but Meta and Snap do not want to be left behind.
It is still unclear what exactly Meta CEO Mark Zuckerberg and Snap CEO Evan Spiegel are envisioning, and it seems too early in the development process for the two companies to draw any conclusions. But the big question is whether investors will have the patience — and stomach — to stick around to see the social companies pivot their businesses to recapture the growth-stock-like returns they once did.
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