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Snap stock pops as company tells investors it’s on track for several years of 50% growth – CNBC

Shares of Snap reversed a on Tuesday after it announced that is in position to drive multiple years of revenue growth of more than 50%.

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Shares of Snap popped suddenly on Tuesday after it announced that is in position to drive multiple years of revenue growth of more than 50% during the company’s investor day.
Shares moved from around $58.50, which was about 7% below Monday’s close, to a peak of $67.68, up nearly 7%, on the comments. They’re now hovering around $65.50, up about 3% on a mostly down day for tech stocks.
“Via the work on our self-serve ad platform, we’re in a position to drive multiple years of 50% plus revenue growth,”…

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