Summary: Buying Signal stock is currently not possible as the company’s shares are not publicly traded, instead being owned by a non-profit organization. Nevertheless, you can still buy social network stocks of other companies through reputable investing platforms like eToro.
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About Signal
About
The official Android app uses Google Play Services, although its design allows it to work independently. Signal is also available for iOS, Windows, macOS, and Linux, with the desktop app requiring an iOS or Android device for registration as it uses mobile phone numbers to identify users.
The Signal Technology Foundation owns Signal Messenger LLC, the developer of the Signal app and the Signal Protocol. It is an American non-profit organization founded with the purpose of “to develop open-source privacy technology that protects free expression and enables secure global communication.”
The Signal Technology Foundation currently owns Signal Messenger LLC, so you cannot invest in the Signal app. However, you can still buy shares in other publicly traded social network stocks.
Top 3 Signal alternative social network stocks
Since you cannot buy Signal stock, consider the top three publicly traded social network stock alternatives. These are:
- Meta Platforms Inc. (NASDAQ: META);
- Snap Inc. (NYSE: SNAP);
- Alphabet Inc. (NASDAQ: GOOGL).
1. Meta Platforms Inc.
Meta Platforms Inc. (NASDAQ: META), formerly known as Facebook, is a leading force in the tech sector led by Mark Zuckerberg. The company owns and manages popular social network platforms like Facebook, Instagram, WhatsApp, and Oculus. As billions of users actively engage with its platforms monthly, Meta is a champion in the social media sector and a potentially lucrative investment opportunity.
Investing
META stock price today
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2. Snap Inc.
Snap Inc. (NYSE: SNAP) is a company that owns Snapchat, a multimedia messaging app. It has built a reputation around its trademark features like disappearing messages, stories, and augmented reality lenses, gathering flocks of young and engaged users.
Investing
SNAP stock price today
Your capital is at risk.
3. Alphabet Inc.
Alphabet Inc. (NASDAQ: GOOGL) is the parent company of Google, the world’s leading search engine. It also owns YouTube, the largest video-sharing platform globally. YouTube attracts billions of users who watch videos on various topics, making it a significant player in the social networking and content creation sectors.
Investing
GOOGL stock price today
Your capital is at risk.
How to buy social network stock: step-by-step
You can invest in any publicly traded social network stock, including the three alternatives mentioned above, in these simple steps:
Step 1: Choose a broker
Before investing in social network stocks, you need to gain entry into the stock market. The simplest way is to go through an online brokerage.
When choosing your brokerage, make sure that it has the following:
- Range of offerings: The choice available on your brokerage has to include the network stock you want to buy, but also other financial items such as different commodities, various stocks, forex, and derivative assets like options, CFDs, and futures. These assets will help you diversify your portfolio once you gain access to the market;
- Cost: Today, most investing services provide accounts with no minimum and 0% commission fees for stocks and ETFs. Anything less than that should be left behind;
- Regulation and security: Your platform needs to adhere to the Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA) regulations. Check for the presence of two-factor authentication (2FA) policy and other advanced security measures;
- Fractional stock trading: Platforms that feature fractional stock trading allow you to buy stocks by the dollar amount, which benefits those with limited capital or traders seeking to pursue the dollar-cost averaging approach.
To securely buy social network stock, we recommend the following:
- Commission-free stock and ETF trading;
- 2,000+ stocks from 17 exchanges;
- Fractional shares available;
- User-friendly platform.
Highly Rated Stock Trading & Investing Platform
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0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
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Copy top-performing traders in real time, automatically.
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eToro USA is registered with FINRA for securities trading.
Step 2: Open and fund your account
Once you select the brokerage, you must register and verify your account. The investing service should send the instructions to your email or phone promptly.
When you are done verifying your account, you should transfer some funds to your account. You will use them to purchase social network shares through payment options such as a bank transfer, debit or credit card, and a financial intermediary such as PayPal (PYPL).
Step 3: Place your order and buy social network stock
The next step is to place an order and purchase the stock. Go through the following steps:
- Step 1: Log into your account and find the company’s ticker symbol;
- Step 2: Type in the amount of money or the number of shares you wish to buy;
- Step 3: Select the order type (market order or limit order) and place it;
- Step 4: Confirm the trade order.
Pros and cons of buying Signal social network stock alternatives
Pros
- Growth potential: Social network stocks have shown the capability to grow significantly. As more people gain access to the Internet worldwide, the market for the industry will expand further;
- Advertising: Social networks generate revenue mostly from advertising. The platform’s attractiveness to investors grows with user engagement, leading to higher income and profits;
- Network effects: Social networks benefit from network effects, with the platform’s value growing exponentially with each subsequent user. This gives popular networks an edge and creates potential market entry blocks;
- Innovation: Many social network companies invest in research, development, and acquiring innovative startups to stay competitive and diversify their services, potentially leading to new income streams.
Cons
- User engagement shifts: User engagement on social networks can be unstable, influenced by trends and changing user preferences. A drop in user activity can negatively affect advertising revenue and the stock’s value;
- Regulatory risks: Social network companies face tight regulation, particularly concerning privacy, data handling, and content moderation. Regulation changes can significantly impact these companies’ business models and profitability;
- Competition: Social networking is highly competitive, with new apps and platforms popping up constantly. Established companies may struggle to maintain their market dominance against emerging, more innovative platforms;
- Dependency on advertising revenue: Overreliance on advertising revenue can be hazardous as economic downturns usually lead to reduced advertising budgets.
Common mistakes to avoid when buying Signal stock
Make sure to avoid these common investing mistakes:
- Lack of research: Research the company and stock in detail, along with the market state of the related industries, before investing;
- Lack of strategy: Set your goals before you spend any money;
- Staking everything on one asset: Always diversify your portfolio;
- Falling prey to scams: Avoid illegal platforms and suspicious deals.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
FAQs about how to buy Signal stock
Can I buy Signal stock?
Unfortunately, it is impossible to buy Signal stock now, as a non-profit company owns it.
Are there any alternatives to Signal stock?
You can invest in other publicly traded social network stocks using a regulated brokerage like eToro.
Is investing in social network stocks risky?
Every investment carries some risk. Do your research before buying any shares, and never invest what you cannot afford.
Highly Rated Stock Trading & Investing Platform
-
Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
-
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
-
Copy top-performing traders in real time, automatically.
-
eToro USA is registered with FINRA for securities trading.
