$Snap Inc (SNAP.US)$ A selloff as a result of the effects of...

$Snap Inc(SNAP.US)$ A selloff as a result of the effects of iPhone privacy changes becomes visible is understandable, but it doesn’t change the fact that social media companies are powerful media for advertising and will remain so for some time. SNAP, $Twitter (Delisted)(TWTR.US)$ , and $Facebook(FB.US)$ have all bounced off their initial lows this morning and, while there will no doubt be some choppy trading over the next few days, long-term holders of the stocks should see the initial massive declines as an overreaction and hold tight for now.