Snap rebounded strongly from its 50-day line and breaking a trend line in its flat base, triggering a early buying opportunity. Relative strength line close to record highs. Snap is on Leaderboard.
Snap (SNAP) closed at $72.48 in the latest trading session, marking a -1.55% move from the prior day.
The social media market has grown like a weed over the past decade. Facebook (NASDAQ: FB), the world's largest social network, grew its monthly active users (MAUs) from 197 million in the first quarter of 2009 to 2.9 billion in the second quarter of 2021. The explosive growth of Facebook and other social networks permanently changed how people interact with each other, how advertisers target consumers, and how news spreads across the internet.