Score One for the Bulls! Why SNAP Stock Is Unstoppable Now.
Snap(SNAP) InvestorPlace·2024-05-01 18:35
Recently, I predicted that April 25 would be a make-or-break day for Snap (NYSE:SNAP), the owner of the photo-messaging app Snapchat. It was a “make” day and not a “break” day. All signs point to rapid growth for Snap, and the only people who should be worried now are the Snap stock short-sellers.The sentiment on Snap was bearish in February. The company announced layoff plans for 10% of its global workforce and expected a deep adjusted EBITDA loss in 2024’s first quarter.SNAP stock snapped like a broken tr ...