This month we announced several new products that we believe will drive further engagement and monetization. As we look towards the future, we see many opportunities to increase our investments, and will continue to manage our business for long-term growth,” he added.
A Wall Street analyst noted that SNAP shares more than doubled year-to-date. Snap’s stock price climbed from $5.79 per share on January 2 to its current price.
In a note to clients, Nicholas Hyett, an analyst at Hargreaves Lansdown, wrote, “Things are improving at Snap, and that could be putting it mildly – although with the shares up 100% so far this year, that’s pretty priced in.”
