The Clap A leaked memo with Snapchat’s (NYSE: SNAP) growth plan triggered an 8% jump in its stock price.
The Deets Snap is targeting 30% growth in its user base by the end of 2023, as well as an increase in revenue to $6 billion.
While analysts are pessimistic about how achievable these targets are, they are impressed by the management’s ambition. The economic situation could be vital in helping or refraining Snap from reaching the desired targets.
Why this Matters This report comes following the news of a reduction in the workforce as well as restructuring and the elimination of some projects.