Snap rises nearly 12% after CEO shares strong 2024 goals with employees
Publishing timestamp: 2023-10-16 19:22:32
Summary
Snap CEO Evan Spiegel reportedly shared internal goals in a memo, stating that the company could surpass analysts' projections for daily active users and advertising revenue growth in 2024. The memo also set a goal for adjusted EBITDA in 2023. Snap confirmed the numbers but characterized them as internal goals. The article mentions the challenges faced by Snap and the criticism from an analyst.
Sentiment: MIXED
Keywords: internet, social media, meta platforms inc, breaking news: technology, stock markets, breaking news: investing, technology, snap inc, business news, pinterest inc, investment strategy, earnings,