Social Media Stocks Worth Watching - October 23rd

Key Points

• Trump Media & Technology Group, JOYY, and Strive are highlighted as the top social media stocks to watch, exhibiting the highest trading volume recently.
• JOYY Inc. operates various video-based social media platforms, including Bigo Live and Likee, focusing on user engagement and interactive experiences.
• Strive provides social media marketing and content delivery services, specializing in community management on platforms like Discord and TikTok.

Trump Media & Technology Group, JOYY, and Strive 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, messaging, content‑sharing, or community platforms, with revenues typically coming from advertising, subscriptions, and in‑app transactions. Investors assess them by user growth and engagement, ad‑monetization metrics, and regulatory/privacy risk, and expect both strong growth potential and higher volatility tied to changing user behavior and platform policies. 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 (YY)

JOYY Inc., together with its subsidiaries, operates social media platforms that offer users engaging and experience across various video-based social platforms. It operates through two segments, BIGO and All Other. The company operates Bigo Live, a social live streaming platform, that provides an interactive online stage for users to host and watch live streaming sessions, share their life moments, showcase their talents, and interact with people worldwide; Likee, a short-form video social platform, which enables users to discover, create, and share short videos, with video creation tools and personalized feeds; imo, an instant messenger platform, that provides audio and video communication services; Hago, a social networking platform that offers casual games integrating social features, such as audio and video multi-user chatrooms and 3D virtual interactive party games; and Shopline, a smart commerce platform, that provides solutions and services to enable merchants in creating and growing their brands online and reach customers through various sales channels, including e-commerce platforms, social commerce, and physical retail stores.

Read Our Latest Research Report on YY

Strive (ASST)

Asset Entities Inc., a technology company, provides social media marketing and content delivery services across Discord, TikTok, and other social media platforms. It designs, develops, and manages servers for communities on Discord. The company offers discord investment education, entertainment, and marketing services.

Read Our Latest Research Report on ASST