Along with the rest of the social media sector, shares of Snap (SNAP) have been in a grueling downward slide. After hitting an all-time high of $83 in September, the stock price has since fallen to $35. Snap stock has not traded at this level since October 2020. What now? Well, finding the bottom is pretty tough. The markets are extremely volatile and investors have gone cold on growth stocks. Regardless, there are some interesting catalysts for Snap stock, especially with the Metaverse. So, I’m bullish. Performance In the latest quarter, Snap reported a 57% jump in revenues to $1.067 billion.
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Snap (NYSE:SNAP)
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Snap (NYSE:SNAP)
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From May 2021 to May 2022 Click Here for more Snap Charts.