Despite macroeconomic headwinds, the internet industry thrives with accelerated digitalization, expanding smart infrastructure, and government initiatives. Given the favorable industry trends, keeping an eye on eBay Inc. (EBAY) could be wise. However, Snap Inc. (SNAP) could be best avoided now because of its weak fundamentals.
Before diving deeper into the fundamentals of these stocks, let’s discuss why the Internet industry is well-positioned for growth.
