“Snap climbs 14% as activist Irenic suggests changes to boost stock’s value 7x”
April 12, 2026
“Snap shares climbed 14% after activist Irenic Capital suggested changes to boost the company’s value.
Irenic’s letter outlines six steps to raise the stock price from its current $3.93 to $26.37.
Major steps include reducing the workforce by 21% in favor of AI and shutting down Specs, the company’s augmented reality glasses…”
https://www.cnbc.com/2026/03/31/snap-stock-activist-irenic-value.html