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2021-04-15

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Facebook has more upside than Snap, two traders say. Here’s the key level to watch

FacebookorSnap?This week analyst firm Wedbush breathed new life into the rivalry, downgrading Facebo

Facebook has more upside than Snap, two traders say. Here’s the key level to watch

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Here’s the key level to watch\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-15 20:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/04/15/facebook-has-more-upside-than-snap-traders-say-key-level-to-watch.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>FacebookorSnap?This week analyst firm Wedbush breathed new life into the rivalry, downgrading Facebook on concerns aroundApple’s new privacy measuresand upgrading Snap with a nod to its innovative ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/15/facebook-has-more-upside-than-snap-traders-say-key-level-to-watch.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SNAP":"Snap Inc"},"source_url":"https://www.cnbc.com/2021/04/15/facebook-has-more-upside-than-snap-traders-say-key-level-to-watch.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1133011537","content_text":"FacebookorSnap?This week analyst firm Wedbush breathed new life into the rivalry, downgrading Facebook on concerns aroundApple’s new privacy measuresand upgrading Snap with a nod to its innovative platform and younger customer base.Two market analysts would take the other side of the trade, they told CNBC’s“Trading Nation”on Wednesday.“I am friending Facebook and I would block Snap here,” said Delano Saporu, founder and CEO of New Street Advisors Group.“I think we’re going to see ad revenue stay where it is, at least be maintained and obviously grow, but there’s also a way for Facebook and a lot of these social media platforms to grow and diversify revenue.”Saporu cited Facebook’s tests withInstagram badges, which users can buy to support creators on the platform.“You’re going to see social media platforms getting revenue from this as being the middle person,” he said. “So, I think there’s still room to grow for Facebook, obviously. 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Facebook has more upside than Snap, two traders say. Here’s the key level to watch

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