Snap Inc. (SNAP) is down 87% on the year. George Tsilis joins Alex Coffey and Jenny Horne to discuss SNAP as JPMorgan keeps its underweight price target. They also talk about how JPMorgan increased SNAP’s estimates due to better advertising growth and recent headcount reductions. They review how SNAP is near its lows. They then highlight SNAP’s challenge in not only growing users but growing monetizable users. Tune in to find out more about the stock market today.
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