Snap, Inc (NYSE:SNAP) and Pinterest, Inc (NYSE:PINS) were trading 8% higher at one point on Wednesday, as the general markets rebounded from a steep 4-day downturn during which the S&P 500 declined over 5%.
The social media stocks have been heavily beaten down over the past months, with Snap declining almost 60% from its Sept. 24, 2021 all-time high of $83.34 and Pinterest plummeting about 72% from its all-time high of $89.90 printed on Feb. 16 of that same year.
