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What happened

Down as much as 24% at one point on Thursday, shares of Snapchat parent Snap (NYSE:SNAP) came roaring back on Friday following the release of impressive fourth-quarter numbers. According to data from S&P Global Market Intelligence, as of 11:40 a.m. ET today, the stock's up 47% for the day, translating into a full-week gain of 18%.

Facebook's parent company, Meta Platforms (NASDAQ:FB), deserves most of the blame. The social media company's flagship platform, Facebook, saw its number of daily users sequentially shrink ever so slightly during the final quarter of last year -- a first for the site. Monthly users were essentially stagnant. While the contraction didn't prevent revenue growth, concerned investors interpreted Facebook's headwind as a red flag for the entire social networking industry.

Image source: Getty Images.

As it turns out, however, Snap's Snapchat isn't facing the same struggle. Its daily user head count grew 20% year over year during the fourth quarter, reaching 319 million. This growth supported a 42% improvement in revenue, which led the company to its first-ever positive net income. All told, Snap turned nearly $1.3 billion in sales into a Q4 profit of just under $22.6 million. Realizing they'd made a mistake, investors quickly and decisively reversed their Thursday decision to sell the stock.

A one-day, 46% gain is typically a tough act to follow. And, this one may face the typical post-surge, profit-taking headwind.

Before refusing to wade into a position due to that concern, though, know that even with Friday's big advance, shares of Snap are still trading more than 50% below October's levels, leaving plenty of room for further upside. Bolstering the bullish case is the fact that Snapchat's product continues to be refined and proven to advertisers. Revenue growth more than doubled user growth, yet Q4's average per-user revenue (worldwide) of $4.06 remains at the lower end of the social media business's typical range. For perspective, Facebook's worldwide average revenue per user during the fourth quarter of last year came in at $11.57.

Regardless, current and prospective Snap shareholders should brace for plenty of volatility in the immediate future. The stock's been flung all over the map this week, and it could take several days for things to settle down to more normalized price movement.

This article represents the opinion of the writer, who may disagree with the official recommendation position of a Motley Fool premium advisory service. Were motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.

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Why Snap Crashed and Then Soared This Week - The Motley Fool

The platform has grown significantly over the past few months, launching its own token, the $WWY, on major exchanges and expanding its value proposition with metaverse solutions. That has allowed WeWay to attract financing quickly: both from investors ($3M) and through its IDO ($800k).

Among the strategic advisors to WeWay, are Yoola and Velas. Yoola is an international media network that helps bloggers grow online and offline. The US-based company is part of the top 5 largest international networks in the world and a leader in the Russian-language video blogging market. As a distribution platform, Yoola focuses on the globalization of content. It partners with creators to extend their global reach and penetrate emerging markets.

Velas on the other hand is a Swiss-based tech firm. It is led by a diverse team of engineers, cryptographers, researchers, mathematicians and results-driven business leaders. Velas is the fastest EVM/eBPF Hybrid Chain mechanism blockchain. It allows building decentralized applications and smart contracts on its main net, which enables the scalability of the transactions, being able to validate up to 50 000+ transactions per second.

Fundraising for WeWay was achieved at breakneck speeds with investors rushing forward in order to take part in the project. WeWay managed to gain $3 Million of investment funding. Furthermore, through the Initial Dex Offering (IDO) managed to achieve $800,000 in a very short time. The intense interest in WeWay makes sense considering the global forecast for the global blockchain market worth is set to be nearly $40 Billion by 2025.

WeWays expansion is in full swing after it successfully attracted financing from private investors and through its own tokenomics efforts with the launch of its $WWY token. From a private standpoint, WeWay brought the attention of powerhouse tech incubator BlueZilla, which previously endorsed record-breaking projects such as BSCPad, Tronpad, ETHPad, KCCPad, NFTLaunch, ADAPad, VelasPad, and GameZone.

BlueZilla specializes in helping projects through their entire journey; idea incubation, marketing preparation, and launching. They dont simply work with everyone, however. Most likely, what attracted the incubator in the first place, was WeWays innovative nature and its clear value proposition.

On the other hand, WeWays recent success has also enabled it to launch its token, $WWY, on the most popular DEX exchanges: PancakeSwap, WagyuSwap, UniSwap, and more. It went public on January 11th, with an initial circulating supply of 16,000,000 $WWY. So far, the token has raised $800k from more than 6,7k users that believed in the project.

Talking about this success, CEO and co-founder of WeWay, Fuad Fatullaev, noted:

The content creator economy is growing and, more importantly, evolving. What worked two years ago isnt what creators and fans look for in this new ecosystem. Social interactivity, engagement, and tech solutions are hot trends that need to be listened to and acted upon. And our recent financing rounds have proven that our proposition is solid. We are building WeWay as an all-inclusive platform where all creators and fans are the priority.

The platforms value proposition is simple. In an increasingly digitized world, all experiences are moving online; theyre bound to. The interactions that fans have with their idols are no exception. To date, over 150 of the top influencers from across the world have joined the project. One can call WeWay a leading destination for influencers.

This is not all, however. The platform is creating a Metaverse space the WeWay City, which is meant to be filled with content and experiences created by its users, both individuals and organizations. The WeWay City will be like a digital twin of our already social media usage-heavy lives. As the company envisages, in WeWay City:

creators will promote their ideas to critics, investors and producers anywhere: at an event, in a gallery, during a stream. The Metaverse will open up new networking opportunities for all parties. Young talent will know where to look for support, and experienced agents will know where to look for young talents.

Theyre right. At the moment, especially in the age of COVID-19, networking opportunities are limited. Young artists being able to showcase their skills in the Metaverse is the right step forward. Through NFTs, artists will also be able to monetize their content in ways that were unavailable to them before.

NFTs, or non-fungible tokens, can be used as a democratic way to monetize content. Thanks to the security and transparency of NFT and blockchain technology, it has become incredibly popular with collectors and investors alike over the past year. Many celebrities have already created their own NFTs, selling them for millions of dollars and we want to provide that kind of ownership and potentiality to WeWay, says Bohdan Prylepa, , and co-founder of WeWay.

WeWays success can be a lesson in persistence and innovative approach to crypto companies out there. Find a solution to an existing problem and sell it well. WeWay is leading the way in Metaverse-based solutions for fan experiences worldwide. It is only the beginning the concept of the Metaverse was only brought to the fore by Mark Zuckerberg only recently, after all!

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WeWay, a Revolutionary Crypto Social Media Platform, Joins Tech Incubator BlueZilla While Successfully Raising $3m From Investors and $800k Through...

DUBAI, UAE, Feb. 3, 2022 /PRNewswire/ -- Yalla Group Limited ("Yalla" or the "Company") (NYSE: YALA), the leading voice-centric social networking and entertainment platform in the Middle East and North Africa (MENA), today announced that Mr. Saifi Ismail, Yalla Group's President, was named MENA's Leading Personality of the Year in the Digital Entertainment category by Emirati Estesmarat Magazine's 2021 Middle East's Most Creative Business Leaders Awards. Mr. Ismail was honored along with an illustrious group of 22 Middle East business leaders for his outstanding contributions to the digitalization of entertainment and social networking in the region.

"I would like to extend my sincere gratitude to the awarding body and adjudication panel for this prestigious award," said Mr. Ismail. "It is a powerful testament to Yalla Group's ingenuity, resourcefulness and successes over the past year, which would not have been possible without the support of the UAE government. The MENA entertainment and social networking market is undergoing a vast digital transformation, and Yalla is proud to be a driver of innovation and source of creativity as we advance the development of the digital world in the region."

Now in its fifth year, Emirati Estesmarat Magazine's Middle East's Most Creative Business Leaders Awards ceremony is organized in cooperation with the Future Forum for Arab Investments (FFAI). This year's ceremony, entitled "CrisesBridges of the Future," focused on Arab business and government leaders' inventive strategies to address the COVID-19 pandemic. The magazine solicited nominations from industry and government leaders throughout the Middle East and selected award winners based on 15 criteria, including the management's creativity in handling international economic crises, market variables, risk factors and capital turnover, as well as innovation in supporting government policies, economic development plans, sustainable development practices and environment preservation.

About Yalla Group Limited

Yalla Group Limited is the leading voice-centric social networking and entertainment platform in the Middle East and Northern Africa (MENA). The Company's flagship mobile application, Yalla, is specifically tailored for the people and local cultures of the region and primarily features Yalla rooms, a mirrored online version of the majlis or cafs where people spend their leisure time in casual chats. Voice chats are more suitable to the cultural norms in MENA compared to video chats. The Company strives to maintain users' equal status on its platform, thereby encouraging all of them to freely communicate and interact with each other. The Company also operates Yalla Ludo, a mobile application featuring online versions of board games that are highly popular in MENA, such as Ludo and Domino. In-game real-time chats and Ludo chat room functions are popular social networking features among users. Through close attention to detail and localized appeal that deeply resonates with users, Yalla's mobile applications deliver a seamless user experience that fosters a loyal sense of belonging, creating a highly devoted and engaged user community.

For more information, please visit: http://ir.yallatech.ae/

For investor and media inquiries, please contact:

Yalla Group LimitedInvestor RelationsKerry Gao IR Director Tel: +86-571-8980-7962Email: [emailprotected]

The Piacente Group, Inc. Yang Song Tel: +86-10-6508-0677Email: [emailprotected]

In the United States:The Piacente Group, Inc. Brandi PiacenteTel: +1-212-481-2050 Email: [emailprotected]

SOURCE Yalla Group Limited

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Yalla President Named MENA's Leading Personality of the Year USA - PRNewswire

Social media is one offspring of technology, which has changed the landscape of the media industry. It is the fastest news platform and has been an aid to numerous situations where the traditional media has tried to manipulate people but they have eventually discovered the real story behind the scenes. Hence, it is safe to say that social media will be the reason for the demise of traditional media.

Be it Facebook, Instagram, YouTube, or any other platform. All of them play their due role in the spread of information. Thus, we keep on witnessing new features being introduced to each of these platforms. The audience is definitely diverse, but they do not mind switching to a new or a better platform. TikTok is the biggest example of this case. So, all of these platforms are countered by introducing new updates.

Instagram is one such platform, which has catapulted itself quite high in status. It would not be wrong to assume that it is the most loved platform after Facebook. Hence, it has to constantly keep the user interest intact and, for that, they keep on trying new things.

Instagram, founded in 2012 by Kevin Systrom and Mike Krieger, is an online social media networking website that allows its users to upload media with geographic locations and can be organized by hashtags.

Going live on Instagram has proven to be one of the best methods for a business or an entrepreneur to connect with their clients. Since Instagram live is transparent, unedited and allows your audience to comment and question during the live stream, which helps businesses to be interactive with their clients. This can help in building a strong bond with potential clients through insights and feedback. Also, hosting more live videos helps businesses become more discoverable on the website, which is a great form of social media advertisement.

Since live streaming is such a big hit on websites, Instagram is working on the ability to share live videos in your stories, or even share them on external social media platforms, as spotted by Alessandro Paluzzi. This feature can be a game changer since it would allow businesses to attract audiences from various other platforms.

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Instagram's new features will help you promote live videos and rearrange your privacy on web - Digital Information World

SINGAPORE, Feb. 3, 2022 /PRNewswire/ --Today, AssetOwner is relaunching its investor knowledge-sharing platform as Quidroom. The new name forms part of its growth strategy to expand its user base and tap into the greater investor community.

Social networking has fundamentally changed the way people invest,says Quidroom CEO Pravin Raveendran. Accelerated by the pandemic, investor networking has evolved from a traditional, face-to-face environment to one that is more spontaneous and virtual. But Pravin does not believe that existing social media channels are fit for purpose. And it is this gap that Quidroom aims to bridge for the sophisticated investor community.

Since its beta launch as AssetOwner in August 2020, the social collaboration platform has grown a userbase of investment professionals that cumulatively manage over US$8 trillion in AUM for pension funds, sovereign wealth funds, family offices and other asset owners. To date, the platform has succeeded in enabling these investors toshare meaningful investment information online in a spontaneous but targeted way. In the next stage of the company's growth, and under its new name reflecting the broader investor user base, Quidroom will focus on removing existing channel fragmentation for connectivity in the investment industry and for high-net-worth individuals globally.

"Against an economic backdrop of volatility and rising uncertainty,global diversification has never been as important," says Pravin. "It is becoming essential for institutional and accredited investors to assess valuations and current and future risk/return trade-offs offered by different asset classes and securities across the world."

A sure-fire way to achieve this, according to Pravin, is by building up a global network of peers who share comparable investment challenges, but by contrast have experience in different economic and financial market climates, enabling them to provide fresh insights when sharing their perspectives on asset classes and individual securities.

"While social media has become a popular way for investors to research new investing ideas and network with peers, most social platforms make it hard to cut through the noise of the daily grind," he says. "Not to mention their limitations on developing real connections and open dialogue due to privacy or compliance concerns."

Working towards a future that balances out the negatives of current social networks, Quidroom is a dedicated, investor social network thatenables investor peers to connect and network with each other like never before in a secure, neutral and unbiased environment, removing the need to sift through sales pitches or irrelevant social feeds.

"By isolating the investor in you from the professional avatar you show in LinkedIn, the alumni avatar you display in your university network or the family-and-friends avatar you reveal on your personal channels, we enable our users to focus on becoming better investors. A foreword warning, in case you have not joined Quidroom yet, you may want to spend a minute unlearning or disassociating yourself with your biases on how 'networking' and 'privacy' has worked for you in traditional social networks, as this will not be like anything you have ever experienced before."

As part of the relaunch, and in keeping with its commitment to facilitate meaningful, informal investor collaboration online, Quidroom is hosting an inaugural 'unconference' on 22-24 February 2022, open to all registered Quidroom users.

This is a new concept for investors used to attending formally structured conferences over a day or two. Pravin says the unconference movement is gaining traction in other industries thanks to accelerated global digitalization, increasing popularity of hybrid/remote working and appetite for more innovative, flexible and worthwhile interactions with experts in their respective fields.

The Unconferenced Investor 2022is an unstructured and participant-driven online event with no set agenda, where all participants have a voice. It encourages participants to vote for discussion topics upon registration and nominate fellow investment experts to create 'virtual rooms' in Quidroom that allow for open conversation before the LIVE session and even after.

"The best part about the unconference is that even when it ends, participants remain connected to relevant experts and investors and are able to exchange knowledge perpetually," says Pravin.

Investors interested in joining The Unconferenced Investor 2022 may register for free by clicking here. Those who register will receive instant access to Quidroom, normally invite-only.

About Quidroom

Quidroom, formerly known as AssetOwner, is where sophisticated investors connect and exchange knowledge with one another based on common interests.

Wander the proverbial halls of Quidroom and discover rooms with hundreds of investors matching your interests. You're free to quietly enter and exit rooms at your leisure. Choose to join the conversation with other investors or simply be a fly on the wall and listen in. It's entirely up to you.

When you're ready to stake a claim, start an investor community! Start a room to share your insights, try your hand at incepting ideas, or just simply share today's market headlines.

Quidroom is trusted by investors collectively managing US$ 8.2 trillion and has US$1 million in pre-seed funding.

SOURCE Quidroom

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Investor Platform AssetOwner becomes Quidroom as it opens access to the entire investment community - PRNewswire