Reddit rose 2.5% today, performing relatively well among social platforms ๐ธ. Ad monetization has been consistently delivering post-IPO, and the robustness of its user base and content ecosystem has given the market confidence.
Snap was almost flat; its ad revenue growth is highly sensitive to the macro environment, and ad budgets are often the first to be cut when overall sentiment is mediocre.
The two platforms have vastly different styles, and today's price movements also confirmed this difference ๐.
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