Is Twitter or Facebook stock a buy as Trump launches TRUTH Social?

On Thursday, reports emerged that Donal Trump is planning to launch his own social media platform, dubbed TRUTH Social. The former US President was banned from Twitter Inc. (NYSE:TWTR) and suspended by Facebook Inc. (NASDAQ:FB) after his supporters stormed the US Capitol.

As a result, Trump wants to disrupt the social media space by launching a social platform that “[stands] up to the tyranny of big tech”, BBC reported.

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Trump accused Facebook and Twitter of silencing opposing voices in the US. Therefore, with the ex POTUS looking to introduce what he believes would offer an equal playing ground for American’s which social media stock should you buy?

<h2>Twitter</h2>    <p>Twitter shares trade at a steep P/E ratio of about 139.18, making the stock less attractive to value investors. </p>    <p>However, with analysts expecting its earnings to grow at an average annual rate of 41% over the next five years, it could be a compelling option for growth investors.</p>    <p>The stock is up 19.64% this year, slightly underperforming the S&P 500 index, which is up more than 22%.</p>    <img src="" alt="" /><img src="image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" alt="" data-src="" />Source – TradingView<p>Technically, Twitter shares seem to have pulled back recently to find support from the 100-day moving average.</p>    <p>However, with the stock far from reaching oversold conditions, the current decline could continue for the foreseeable future. </p>    <p>Therefore, investors could target downward profits at about $62.01 and $58.19, while $69.07 and $72.78 are resistance zones.</p>    <h2>Facebook</h2>    <p>Facebook has bounced back recently to recover after falling to new 4-month lows. As a result, the stock trades at a P/E ratio of 25.26 and a forward P/E of 21.23, making it a compelling option for value investors.</p>    <p>In addition, analysts forecast its EPS to grow by 57% this year before rising at an average annual rate of 26.80 over the next five years. Therefore, growth investors could also find it as an exciting option for their portfolios.</p>    <img src="" alt="" /><img src="image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" alt="" data-src="" />Source – TradingView<p>Technically, the stock seems to have completed a bullish breakout from an ascending channel formation. As a result, the stock has advanced towards the 100-day moving average, indicating a shift in the market sentiment.</p>    <p>Therefore, with shares yet to hit overbought conditions, the current rally seems poised to continue. As such, Investors could target profits at about $363.23, or higher at $380.81, while $319.35 and $300.83 are support levels.</p>    <h2>Facebook looks like a better buy</h2>    <p>In summary, Facebook looks like an exciting buy opportunity while Twitter creates options for investors looking to short the stock.</p>  <h2>Where to buy right now</h2> <p>To invest simply and easily, users need a low-fee broker with a track record of reliability. The following brokers are highly rated, recognised worldwide, and safe to use:</p> <ol><li>Etoro, trusted by over 13m users worldwide. <a href="">Register here ></a></li> <li>bitFlyer, simple, easy to use and regulated. <a href="">Register here ></a></li> </ol>

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