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0 -0.000590163934426213 0.00461202185792362 0.00218579234972673 0.00874316939890711 0.00546448087431702 0.00546448087431702 0.00546448087431702
Stock impact report

Snap Inc. Shares Jump Over 13% as Activist Investor Irenic Capital Management Builds Stake [Yahoo! Finance]

Snap Inc. Class A (SNAP) 
Last snap inc. class a earnings: 4/21 04:10 pm Check Earnings Report
US:NYSE Investor Relations: investor.snap.com/company-profile
Company Research Source: Yahoo! Finance
3 min read Photo illustration of a man using Snapchat (Credit: Mateusz Slodkowski/SOPA Images/LightRocket via Getty Images) Shares of Snap Inc. jumped more than 13% on Tuesday as activist investor Irenic Capital Management acquired a 2.5% stake and is pushing for changes at the social media giant to boost its valuation. The firm argues that Snap has significantly underperformed the Nasdaq by 444 percentage points since its IPO in 2017, noting that a dollar invested in Snap at its IPO would be worth 23 cents today. “It is more than passing strange that Snap – with nearly 1 billion MAUs, reaching 75% of users aged 13-34 globally, with 350 million of those users engaging with AR tools, with users opening the app 40 times a day, with 25 million paying subscribers approaching $1 billion of ARR, with 5 billion+ snaps created daily, and with a massive library of image and video data, much of which is tied to geolocation – can be bought for just $7.2 billion,” the firm wrote in a let Show less Read more
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