Snap is one of the largest and best-known technology companies with a stock price under $20. The company operates Snapchat, a camera application that allows users to capture and share images and video. Snapchat caters to a young demographic, and the company boasts that most young people in developed economies know and use Snapchat frequently.
Since the start of COVID-19, the use of digital wallets has skyrocketed in popularity. In fact, 75% of respondents in the survey said they have used a mobile wallet in the past year. The use of digital wallets has continued to grow in acceptance worldwide.
If your portfolio is tech heavy, you might be shocked by how many of your stocks are based in one state.