Despite macroeconomic uncertainties, the internet industry thrives with accelerated digitalization, expanding smart infrastructure, and government initiatives. Given these factors, it could be wise to buy fundamentally strong internet stock, Netflix, Inc. (NFLX). However, Snap Inc. (SNAP) could be best avoided, considering its weak fundamentals.
Before diving deeper into the fundamentals of these stocks, let’s discuss why the Internet industry is well-positioned for growth.
