Here's Why the Coronvirus Should Help Snap
Snap (NYSE: SNAP), the maker of the disappearing messages app Snapchat, is taking a beating in the markets, like most tech stocks, as the COVID-19 outbreak spreads across the globe.
But with more people forced to hunker down, its messaging app Snapchat could see an uptick in users. It doesn't hurt that misinformation isn't freewheeling on its platform like it is on Facebook (NASDAQ: FB) and Alphabet's Google. That alone could draw users as they try to wrap their heads around the fast-moving outbreak and looking for accurate information.
Then there's the fact that millions of people have a lot of extra time on their hands. With cities shutting down bars, restaurants, movie theaters and urging their citizens to stay home, mobile apps are poised to get more usage.
Source Fool.com
