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SNAP Stock Pops This Week

Snap Inc (SNAP) is todays under 30-stock. In this segment Jenny Horne and Alex Coffey discuss recent momentum for the social media company with George Tsilis. Overall shares have fallen nearly 50% over the past 6 months but shares of Snap (SNAP) were trading 6% higher this week. Jenny points out that daily active users have been a weak spot for the company. George weighs in that privacy changes put in place against companies like Facebook – now Meta Platforms (FB) and Snap Inc (SNAP) is another sore spot because those restrictions make it more difficult to monetize and track users. Alex and George discuss Meta Platforms (FB) weak earnings report from February 2022, and how Meta’s tumble dragged down shares of (SNAP) and Pinterest (PINS) down initially but then rebounded.

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