Snap Stock Continuing to Win in 2019

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Over the course of 2019, Snapchat’s stock, SNAP, has continued to be a darling of investors, and it has racked up a number of high profile wins. Snap has marked itself as an up-and-coming name in the world of investments, as it has gained nearly 50% in growth over the past year.

The bottom line growth of Snap has continued to accelerate even while similar companies have stagnated. In the world of technology, many social media companies can become old extremely fast, but Snap has continued to bring in newer, younger user bases. Last quarter, Snap had adjust-growth of nearly $109 million year over year which is significantly higher than similar businesses.

Plus, a number of initiatives are continuing to bolster Snap’s stock. For example, Snap has begun releasing original content that is bringing in new viewers, and it has partnered with NBC to produce news content that is bringing in a wide range of users who stay to watch the entirety of the content.

Overall, the user metrics of Snap are continuing to diversify as it is bringing in a wide range of users. This is highly unusual, especially for social media companies of its age. In the past, similar businesses have merely faded from the public’s eye, becoming only a shadow of what they once were. In recent memory, MySpace is one of the most-prominent examples of a company that experienced quick growth and an even faster decline.