![]() ![]() More Information Internet Security Policyīy using this site, you are agreeing to security monitoring and auditing. For more information, contact more information, please see the SEC’s Web Site Privacy and Security Policy. Freespace social media stock download#You can also sign up for email updates on the SEC open data program, including best practices that make it more efficient to download data, and SEC.gov enhancements that may impact scripted downloading processes. ![]() Please declare your traffic by updating your user agent to include company specific information.įor best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. Your request has been identified as part of a network of automated tools outside of the acceptable policy and will be managed until action is taken to declare your traffic. To allow for equitable access to all users, SEC reserves the right to limit requests originating from undeclared automated tools. If you feel the same way, consider replacing Facebook with Snap and Pinterest as your main social media investments.Your Request Originates from an Undeclared Automated Tool The bottom lineįacebook isn't doomed, but I no longer want to own its stock, for both ethical and fundamental reasons. I wouldn't be surprised if Pinterest makes a similar long-term prediction and forces analysts to rethink their expectations. If Snap delivers on that promise, its price-to-sales ratio could contract quickly as its profitability improves. Snap recently declared that it could maintain over 50% sales growth for "multiple years" at its first-ever investor day. Those analysts' estimates could even be too low. Those valuations are high, especially when Facebook trades at just seven times this year's sales - but they remain cheaper than those of many other high-growth tech stocks. YOY = Year over year.īased on these projections, Snap and Pinterest trade at about 28 and 22 times this year's sales, respectively. Pinterest's design - which allows users to share home, fashion, travel, and other ideas on its platform - arguably makes it a much more organic "social shopping" experience than Instagram.ĭata source: Yahoo Finance, Feb. ![]() Pinterest attributed its growth to its overseas expansion, as well as robust demand for its sponsored and "shoppable" pins, which many retailers used to upload their entire catalogs. Its adjusted EBITDA nearly quadrupled to $299.2 million, and its non-GAAP earnings more than tripled. Its ARPU increased 12% to $4.26, and its total revenue surged 48% to $1.69 billion. Pinterest's MAUs rose 37% year over year to 459 million last quarter. Snap attributed those incredible growth rates to the expansion of its ecosystem with new Discover videos, AR lenses, and in-app games, and its rising pricing power in online ads. Snap's adjusted EBITDA also quadrupled to $166 million as its non-GAAP EPS tripled. Its average revenue per user (ARPU) jumped 33% to $3.44, marking its strongest growth in five quarters. Its revenue jumped 62% year over year to $911 million, marking its strongest quarterly growth in three years. Lastly, the regulatory headwinds - which include calls for the company to divest its other apps and be held accountable for its users' actions - are too fierce to ignore. Second, Facebook's growth will likely decelerate as Apple starts allowing iOS users to opt out of targeted ads this year. First, the deadly Capitol riot indicates it is losing control of its own platform. Analysts expect its revenue and earnings to rise 25% and 13%, respectively, this year - and the stock still looks surprisingly cheap at 20 times forward earnings.īut despite those strengths, I sold my shares of Facebook last month, for three simple reasons. Its namesake platform serves 2.8 billion monthly active users (MAUs), making it the world's largest social network by a mile, and 3.3 billion people access its family of apps - including Messenger, Instagram, and WhatsApp - every month.įacebook's revenue and earnings rose 22% and 57%, respectively, in fiscal 2020, as it overcame a pandemic-induced dip in ad spending in the first half of the year. Facebook ( META -1.69%) is considered by many to be a top investment in the booming social media market. ![]()
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