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Snap's Stock Hits Record High on Big Revenue Projections

Snap's stock price closed at a new all-time high on Tuesday, after the company said it expects "multiple years" of 50% revenue growth ....

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Snap shares hit record on bullish sales forecast

Snap shares hit record on bullish sales forecast
“It is augmented reality that is driving our future,” Snap Chief Executive Evan Spiegel says.
(Jae C. Hong/ Associated Press)
By Naomi Nix
Print
Snap Inc. shares jumped to a record, reversing an earlier decline Tuesday, after the social media company forecast revenue growth of 50% or more for several years, buoyed by investments in more engaging advertising and innovations in augmented reality.
The company, parent of the Snapchat app, is “in a position to drive multiple years of 50%-plus revenue growth,” Peter Sellis, senior product director, said in a presentation Tuesday at Snap’s first investor day. At the event, executives outlined a vision for how the Santa Monica company will boost its audience while maintaining user privacy and trust. ....

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Snap Forecasts Multiple Years of 50%-Plus Sales Growth

Snap Forecasts Multiple Years of 50%-Plus Sales Growth
Bloomberg
2/23/2021
Naomi Nix
© Bloomberg
The Snapchat application on a smartphone arranged in Saint Thomas, Virgin Islands, U.S., on Friday, Jan. 29, 2021. Snap Inc. is scheduled to release earnings figures on February 4.
(Bloomberg) Snap Inc. shares jumped to a record, reversing an earlier decline, after the social-media company forecast revenue growth of 50% or more for several years, buoyed by investments in more engaging advertising and innovations in augmented reality.
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The company, parent of the Snapchat app, is “in a position to drive multiple years of 50%-plus revenue growth,” said Peter Sellis, senior product director, in a presentation Tuesday at Snap’s first-ever investor day. At the event, executives outlined a vision for how Santa Monica, California-based Snap will boost its audience while maintaining user privacy and trust. ....

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Snap Inc. (NYSE:SNAP) - Snap's Stock Hits New All-Time High Amid Investor Day Event

Social media company Snap Inc (NYSE: SNAP) is trading higher Tuesday during the company's first ever Virtual Investor Day event.
Traders and investors . ....

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Detailed text transcripts for TV channel - CNN - 20170501:08:24:30

Detailed text transcripts for TV channel - CNN - 20170501:08:24:30
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