Never bet against Zuck

Daily Data: Meta sure seems to be rolling

In today’s dispatch:

• Insta and Facebook make gains

• Meta is rolling on all cylinders (it seems)

• Whatsapp India > iPhone China

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Never bet against Zuck

It’s one big tech company, and while I wasn’t looking for it, Meta seems to have a lot of good stuff going on, right now.

A reason to be optimistic about the current priciness of the Nasdaq.

Insta and Facebook make gains

With the usual caveat about survey data, there’s some evidence that instagram (and even Facebook) are growing in popularity amongst the youth.

From Piper Sandler’s biannual “Taking Stock with Teens” survey, Instagram is gaining in popularity among teens, at both TikTok’s and Snap’s expense (via Piper Sandler):

Instagram took over the #2 spot as “favorite” from Snap, and is within three percentage points of TikTok for the overall lead (closing the gap from 15 percentage points, only six months ago).

On a “monthly usage” basis, Insta retains the top spot (while TikTok and Snap both declined), and even Facebook—long-scorned as a Boomer platform—experienced a small 400bps lift. Now, are teens and their preferences fickle? Sure. Will it stick? Who knows.

So why bring this up?

For one thing, the youth and their media consumption matter. OK, fine.

For another thing, Meta just seems to be firing on all cylinders right now, right? If a TikTok ban ever passed, one can imagine Meta would find even more cylinders to fire on.

Firing on all cylinders

This isn’t a stock recommendation.

Random Walk just got curious about the social media data, and one thing let to another. Plus, Meta is a non-trivial portion of the world’s net worth, so it matters, I suppose.

Anyways, let us count the ways that Meta seems to be rolling.