Snap Inc. (SNAP) Faces Headwinds As It Gets An Upgrade

Snap Inc. (SNAP) was upgraded to buy from neutral at Arete. George Tsilis discusses this as SNAP released new advertising products, including spotlight ads that will roll out globally. He talks about how SNAP has seen profit growth and revenue growth decline. He then compares SNAP to Meta Platforms (META) and Pinterest (PINS). He also goes over how SNAP is still facing headwinds even though they successfully cut operating costs. Tune in to find out more about the stock market today.

Next Gen Investing

17 May 2023

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