Time spent on Snap Inc. (SNAP) was down 5% while user growth was up 4%, says Mark Mahaney. He and Ali Mogharabi discuss how Snap's stock plunges after earnings. Mark also notes that competition from apps like BeReal could be having a negative effect on Snap. Ali notes that short form video content demand continues to increase. They also talk about what the 2022 Snap sell-off means for the company moving forward. They then go over the best positioned social media stocks, like Meta (META) and Twitter (TWTR). Tune in to find out more about the stock market today.