Snap stock price loses key support as North America user growth fades — TradingView News
The Snap stock price crashed to a record low and flipped a crucial support level for the first time ever. It dropped to an all-time low of $5.9 after the company published its financial results and launched a large share buyback, a sign that the management expects it to rebound.
Snap launches a share buyback as revenue growth continues
Snap, the parent company of Snapchat, published relatively strong financial results, even as competition in the industry rose. Competition has jumped from companies like Instagram and TikTok.
The company’s revenue jumped by 10% in the fourth quarter to $1.76 billion, a trend that may continue rising in the coming years. This revenue growth happened as its in-app optimization revenue jumped by 89%. Dynamic…
