Business
Snap stock pops as company tells investors it’s on track for several years of 50% growth – CNBC
Shares of Snap reversed a on Tuesday after it announced that is in position to drive multiple years of revenue growth of more than 50%.
Shares of Snap popped suddenly on Tuesday after it announced that is in position to drive multiple years of revenue growth of more than 50% during the company’s investor day.
Shares moved from around $58.50, which was about 7% below Monday’s close, to a peak of $67.68, up nearly 7%, on the comments. They’re now hovering around $65.50, up about 3% on a mostly down day for tech stocks.
“Via the work on our self-serve ad platform, we’re in a position to drive multiple years of 50% plus revenue growth,”…
