Oh Snapchat!

Snap Inc (SNAP) is the FOMO stock for Friday October 21st. Alex Coffey and Jenny Horne take a look at Snap Inc's (SNAP) dismal Q3 earnings. The multimedia parent of the Snapchat app reported an adjusted loss of 8 cents a share on revenue of $1.13 billion. Snap stock collapsed on the news, 32% to $7.33 during morning trading Friday before rebounding slightly. Alex and Jenny compare Snap Inc (SNAP) to other social media stocks and discuss competition from TikTok. Finally, Alex demonstrates an example trade using shares of SNAP which were trading around $7.45 by midday.

Next Gen Investing

21 Oct 2022

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