Snap Projects 50% Annual Revenue Growth for Next Several Years, Stock Hits All-Time High
Todd Spangler, provided by
FacebookTwitterEmail
UPDATED: At its first investor day conference, Snap outlined a bullish future for the Snapchat app with senior execs saying they expect the company to generate 50% revenue growth over the next several years.
On the upbeat forecast, Snap shares popped 11% for the day Tuesday, with the stock closing at an all-time high of $70.45 per share. The turnaround came after shares dropped nearly 10% earlier in the day. The surge pushed Snap’s market cap over $100 billion, to stand at about $106 billion.
More from Variety
Elsewhere in the UK, a hilltop monolith in Glastonbury with a stenciled rat on its base was helpfully labeled “Not Banksy,” while, across the Atlantic, a gingerbread version was found in a San Francisco park on Christmas day and hailed as a Yuletide miracle.
Outside Milwaukee, someone erected one of snow and ice late last month. Another recent iteration was spotted in St. Gertraudi, Austria, where it appeared in a field of snow. In Park City, Utah, a local handyman is suspected of putting an LED version in a neighbor’s yard under cover of night.
Most copycats have materialized in outdoor locations, but one did pop up in a South African grocery store. All in all, there have been sightings as far afield as Italy, Colombia, New Zealand, India, Bolivia, Japan, and Norway, among other countries.
Russia detects first case of H5N8 avian flu in humans msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.