{
  "id": 3076815,
  "title": "Snap Rises 4%, Meta Platforms and Alphabet Tick Up, Reddit Slips as the Social Media Trade Splits",
  "url": "https://urgent.news/2026/08/24/snap-rises-4-meta-platforms-and-alphabet-tick-up-reddit-slips-as-the",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-24T17:38:30.000Z",
  "source": {
    "name": "Yahoo Finance",
    "slug": "yahoo-finance",
    "url": "https://finance.yahoo.com/markets/stocks/articles/snap-rises-4-meta-platforms-173830413.html"
  },
  "original_language": "en",
  "account": "The social media sector experienced a mixed performance on Monday, with Snap (SNAP) surging 4% to $5.47 and Meta Platforms (META) gaining 2% to $558.21, while Alphabet (GOOGL) rose 1% to $349.74. Reddit (RDDT) slipped by 1% to $152.16, marking the only negative performer among the group. The Global X Social Media ETF (SOCL) decreased 1% to $44.69, contrary to the gains of its top U.S. holdings.\n\nSnap's stock rally, despite the absence of a fresh company announcement, reflects the collective strength of the group's laggards. Meta Platforms and Alphabet, being much larger than Snap, require larger dollar movements to achieve the same percentage increase, explaining their more subdued performance. Reddit's dip is attributed to its broader Asian internet exposure, which offsets gains in its largest U.S. social media holdings.\n\nThe analyst who predicted NVIDIA's 2010 rise has named his top 10 AI stocks, but Google did not make the list. While Snap trades close to the low single digits, triggering even minor dollar changes result in significant percentage moves. Meta Platforms and Alphabet need substantial dollar swings to match Snap's percentage gains, which clarifies why Snap's price reaction is more pronounced today.\n\nSnap's market capitalization of $7.9 billion contrasts with Meta Platforms and Alphabet's hundreds of billions, making Snap's price fluctuations more noticeable. Through Friday's close, Snap had fallen 35% YTD, mirroring Reddit's 33% YTD decline in the group's worst performance. Meta Platforms was down 17% YTD, while Alphabet stood at a 10% YTD increase, being the sole member still positive on the year.\n\nHistorically, Alphabet led the group in 2026, while Snap trailed, with Meta Platforms filling the mid-range. The present scenario, where the weakest performers gain and the strongest barely moves, contrasts with previous market actions during the summer. This divergence in performance rewards the laggards and contrasts with the usual pattern observed throughout the year.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}