Why Facebook (Meta Platforms), Twitter And Snap Shares Are Rising Today

Shares of social media companies, including Meta Platforms Inc FB, Twitter Inc TWTR and Snap Inc SNAP, are all trading higher in sympathy with the overall market amid continued volatility stemming from the Russia-Ukraine conflict.

US indices are also trading higher amid continued volatility on Ukraine-Russia concerns. A pullback in oil prices following the recent crude rally has helped alleviate some concerns of rising commodity costs. US President Joe Biden Tuesday announced a ban on Russian Russian oil, natural gas and coal imports.

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Meta Platforms is trading higher by 3.60% at $197.10.

Twitter is trading higher by 4.70% at $34.22.

Snap is trading higher by 9.40% at $34.14.