Social Media Stocks Worth Watching - September 24th

Key Points

• Trump Media & Technology Group, Asset Entities, and JOYY are highlighted as key social media stocks to watch, driven by high trading volumes and growth potential.
• Trump Media & Technology Group operates brands like TRUTH Social and TMTG News, emphasizing its focus on social networking and technology.
• JOYY offers a range of platforms including Bigo Live and Likee, providing user engagement through live streaming and short-form video content.

Trump Media & Technology Group, Asset Entities, and JOYY 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 primary business is operating digital platforms for online networking, content sharing, and user engagement. Investors monitor these stocks for their high‐growth potential driven by advertising revenue, user‐base expansion and monetization strategies, with valuations often keyed to metrics like active user counts and ad pricing power. 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

Asset Entities (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

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