NEW YORK, NY / ACCESSWIRE / June 28, 2017 / Facebook hit a new milestone on Tuesday. The network has reached 2 billion users, representing a growth of 1 billion people since October of 2012. Many speculated that Snap would hinder Facebook's user growth but obviously this wasn't the case. Snap on the other hand is trading dangerously close to its IPO price and some believe it may trade below it, especially as the company nears expiration of its first lockup period next month.

RDI Initiates Coverage on:

Facebook, Inc.
https://ub.rdinvesting.com/news/?ticker=FB

Snap Inc.
https://ub.rdinvesting.com/news/?ticker=SNAP

Facebook, Inc.'s shares closed down 1.96% on Tuesday on slightly higher volume than usual. The social media king just hit two billion users. CEO Mark Zuckerberg took the liberation of making a post on Tuesday to share the big milestone. He posted, "As of this morning, the Facebook community is now officially two billion people." It's been thirteen years since the network was founded and almost five years ago that the network hit 1 billion users. It has doubled its number of users in less than five years. Considering that the world has over 7 billion, this means that about a quarter of it is on Facebook. Zuckerberg has said, "With that foundation our next focus will be building community. There's a lot to do there." He announced last month that he is hiring 3,000 extra people to moderate content on the site.

Access RDI's Facebook Research Report at:
https://ub.rdinvesting.com/news/?ticker=FB

Snap Inc.'s shares barely closed in the green on Tuesday up 0.29%. What was significant about Tuesday's closing price is that it was just a mere 34 cents above Snap's IPO price earlier this year. Snap debuted at $17 a share and had many investors excited as it was a highly anticipated IPO. For a while now shares have been dropping as traders realize maybe Snap was all hype. What's even worse is that in about a month, insiders are going to be allowed to start selling their shares at the expiration of the first lockup period. This will be on July 31st. Shares could soon be well below Snap's IPO trading price. According to MKM Partners managing director Rob Sanderson, since May 31st, there has been a 65% increase in short selling on the stock, and those who are betting it go down, may be right. Not every stock goes down after they reach their lockdown, Facebook didn't, but according to Sanderson, LinkedIn hit a new low just a week after its lockdown. We'll have to see how things play out for Snap.

Access RDI's Snap Research Report at:
https://ub.rdinvesting.com/news/?ticker=SNAP

Our Actionable Research on Facebook, Inc. (NASDAQ: FB) and Snap Inc. (NYSE: SNAP) can be downloaded free of charge at Research Driven Investing.

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