Snap's Stock Rises 12% After CEO Spiegel Targets 20% Revenue Growth – The Information

Snap’s share price rose nearly 12% on Monday, closing at $9.72, after CEO Evan Spiegel told the social media network’s staff that it hoped to increase revenue by 20% by the end of 2024. The owner of Snapchat also aims to log more than 475 million daily active users in the fourth quarter of 2024. That would mark a rise from 397 million reported in July and top analyst forecasts of 448 million… Read this briefing for free. Get access to exclusive coverage Read deeply reported stories from the largest newsroom in tech. Stay in the know Receive a summary of the day’s top tech news—distilled into one email. Access on the go View stories on our mobile app and tune into our weekly podcast. Join live video Q&A’s Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives. Enjoy a clutter-free experience Read without any banner ads.
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