Tencent Technology News, according to foreign media reports, so far, the best performing social media stocks in 2018 is not the industry's long-term leader Facebook, nor is it the recovery of Snap, but Twitter.
Up to now, Twitter's share price has risen by almost 50%, which is twice the Snap gain of 24% over the same period. It is also thrown far behind Facebook, which has risen less than 5% so far.
The performance of Twitter stocks over the past 12 months is also the best in social media. The stock has risen more than 130% in the past year. In the same period, Facebook's stock price rose by only a little over 30%.
Since its launch in March 2016, Snap has been struggling. The stock has fallen by 10% to 15% since the IPO.
Twitter is headquartered in San Francisco and was founded in 2006. Twitter received strong support from President Trump, and Trump often posts on Twitter.
As of 2 pm EST on Tuesday, Twitter's stock price fell by about 3.5%, and it hovered around $34 per share. The decline began on Monday, and the company blocked some of the most popular accounts. Some accounts had millions of fans because the accounts violated the new anti-spam rules.