Once Netflix ( NASDAQ: NFLX | NFLX Price Prediction) dropped out of the race for Warner Bros. Discovery, it was supposed to bounce back. Most investors in the company could not see why Netflix would go after what were primarily media assets. And the price tag was staggering. Indeed, its stock price was $77 before Netflix walked away. It jumped to $95 in a matter of days.
For instance, Meta Platforms closed the third quarter with 3.54 billion daily active users and $51.2 billion in revenue. That comes to $14.46 per daily active user. Meanwhile, Snap closed the quarter with 477 million daily active users and $1.51 billion in revenue, which comes to $3.14 per user. Both companies grew their daily active users by 8% year over year.
The platforms emerging in AI app generation aren't locked in zero-sum battles - they're carving out differentiated spaces and coexisting, fostering diversity and innovation.
The competition at the top is intense; Kasia Niewiadoma already demonstrated in 2024 that even the strongest of favorites isn't safe, as she bested Demi Vollering by four seconds.
