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Social Media Stocks Split: Snap Rises 4%, Meta Platforms Adds 2%, Alphabet Climbs 1%, while Reddit Slips 1%
On Monday afternoon, Snap (NYSE:SNAP) stock jumped 4% to $5.47, and Meta Platforms (NASDAQ:META) added 2% to $558.21. Google (NASDAQ:GOOGL) stock also climbed 1% to $349.74. In contrast, Reddit (NYSE:RDDT) stock slipped 1% to $152.16. The Global X Social Media ETF (NASDAQ:SOCL) was down 1% to $44.69, reflecting its broader portfolio including Asian internet holdings, which masked gains from its largest U.S. social media positions. The movements occurred without a fresh company-specific catalyst, rewarding the group's year-to-date laggards.
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