Snap, the company that owns Snapchat (as well as Spectacles and Snapcash) raised $3.4 billion in its much anticipated 2017 IPO.
If you like the idea of gaining exposure to companies like Snap as well as other social media ecommerce, and online and mobile gaming giants, consider Social Media Mania on Stash.
Snapchat first appeared on the scene in 2012 as the brainchild of 22 year-old Evan Spiegel and his pals from Stanford University. Facebook-weary teens soon fell for the quirky platform which allowed for disappearing texts and photos as well as the ability to share personal videos that live for a short time before vanishing.
Snapchat isn’t just for kids. Parents (much to the chagrin of their kids) have piled onto the platform too. Media companies like the Wall Street Journal, the New York Times and Comedy Central are creating and sharing content especially for the app.
Those who are serious about social media know it’s more than just hashtags and puppy filters. Companies like Snap, Alphabet, Facebook, Twitter and Sina Weibo have altered the way we shop, share and communicate on a global scale. These companies are now staples of the news media, essential to breaking stories and starting international conversations.
What’s inside the Social Media Mania ETF?
Social Media Mania is the Social Media Index ETF. An investment in this fund gives you exposure to over 30 companies leading the way in social networking, file sharing, ecommerce, online and mobile gaming, and other futuristic innovations.
You’ll likely recognize big names like Facebook, Twitter, Alphabet, Yahoo, Pandora, Yelp, Groupon, Angie’s List, and now, Snap.
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This ETF goes beyond American household names. It also includes Tencent Holdings Ltd, China’s largest internet service provider and Nexon Co., the mobile gaming giant that produces MMORPGs (massively multiplayer online role-playing games). Why play alone when you can play with thousands of people?
Social Media Mania has a specific industry focus, which means it’s not particularly diversified.
Bottom line, this should not be your only investment on Stash. Consider adding it to a diversified portfolio with a Mix as your foundation.