Paltalk (PALT) and DatChat (DATS) are communications platforms that have experienced increased volatility in recent trading sessions. Paltalk is grappling with falling sales and DatChat is a pre-revenue company that just went public. So, what’s driving the volatility in these stocks and should you add either of them to your portfolio?.In the last 18 months, communication platform companies have experienced a significant surge in demand for their suite of products and services. The COVID-19 pandemic led to global lockdowns and organizations had to shift towards a remote-first working business model which meant enterprises had to quickly adopt and subscribe to collaboration and communication tools or services.
Even though lockdown restrictions are relaxed in various countries, several companies continue to operate remotely as much as possible to improve employee retention rates and lower operating costs.
This trend is likely to continue going forward making communication companies, such as Paltalk (PALT) and DatChat (DATS) enticing long-term bets right now. So let’s see which between the two stocks should be part of your portfolio today.