Promising Social Media Stocks To Add to Your Watchlist - October 10th

Key Points

• Trump Media & Technology Group, JOYY, and Weibo are highlighted as key social media stocks to watch, showing significant trading volume recently.
• JOYY Inc. operates multiple platforms including live streaming and short-form video services, focusing on user engagement across different formats.
• Weibo Corporation serves as a major social media platform in China, offering advertising and content-discovery services aimed at enhancing social interaction and user expression.

Trump Media & Technology Group, JOYY, and Weibo are the three Social Media stocks to watch today, according to MarketBeat's stock screener tool. Social media stocks are shares of publicly traded companies whose core business is operating social networking platforms, messaging apps, or content-sharing services. Investors in these stocks typically evaluate metrics such as active user growth, engagement rates and advertising revenue potential to gauge a company’s financial health and future prospects. Because their value hinges on user activity and digital ad markets, social media stocks can be especially sensitive to shifts in consumer trends, regulatory news and competitive pressures. These companies had the highest dollar trading volume of any Social Media stocks within the last several days.

Trump Media & Technology Group (DJT)

Trump Media & Technology Group Corp. engages in operating social media and in the technology business. Its brands include TRUTH Social, TMTG+ and TMTG News. The company was founded on March 28, 2024 and is headquartered in Sarasota, FL.

Read Our Latest Research Report on DJT

JOYY (JOYY)

JOYY Inc., through its subsidiaries, operates social media platforms that offer users engaging and experience across various video and audio-based social platforms. The company operates Bigo Live, a live streaming platform that allows users to live stream specific moments, such as live talk with other users, make video calls, and watch trend videos; Likee, a short-form video social platform that focuses on enabling users to create short-form video; Hago, a casual game-oriented social platform; and imo, a chat and instant messaging application with functions, including video calls, text messages, and photo and video sharing.

Read Our Latest Research Report on JOYY

Weibo (WB)

Weibo Corporation, through its subsidiaries, operates as a social media platform for people to create, discover, and distribute content in the People's Republic of China. It operates in two segments, Advertising and Marketing Services; and Value-Added Services. The company offers discovery products to help users discover content on its platform; self-expression products that enable its users to express themselves on its platform; and social products to promote social interaction between users on its platform.

Read Our Latest Research Report on WB