Pinterest stock jumped late Tuesday, after the social media company reported Q1 results that easily beat views.
Shares of social network Snapchat (NYSE: SNAP) jumped 6.1% in the afternoon session after social media and online advertising peer, Pinterest reported first-quarter results with revenue exceeding analysts' expectations on higher-than-expected MAUs (monthly active users).
Global X Social Media ETF (SOCL) has added 1.3% in the past week. While a huge crash in Meta weighed on the fund lately, strength in other constituents like Snap, Spotify and Pinterest should keep the fund steady.