Social media stocks slide as OpenAI launches Sora 2 model and video generation app
NegativeFinancial Markets
Social media stocks have taken a hit following the launch of OpenAI's Sora 2 model and its new video generation app. This development is significant as it highlights the growing competition in the tech space, particularly in AI-driven content creation, which could impact the advertising revenue of social media platforms. Investors are reacting to the potential shift in user engagement and the implications for traditional social media business models.
— Curated by the World Pulse Now AI Editorial System