“Snap shares soar more than 53% after earnings show it’s weathering Apple’s privacy changes”
February 4, 2022
“Shares of Snap are up more than 53% Friday after the company reported its first-ever quarterly net profit and showed it’s seeing quicker-than-expected progress on its transition with advertisers around Apple’s privacy changes on iOS.
It’s a big recovery from Thursday trading, when shares closed down 23.6%, Snap’s second-worst day ever, as investors appeared to flee social media stocks after Facebook’s poor showing on Wednesday evening… Snap still has a way to go to recover from the sell-off that has occurred over the last five months, however. At an open price of $35.27, it’s still well below its $83.11 52-week high on Sep. 24…”
https://www.cnbc.com/2022/02/04/snap-shares-rise-more-than-after-strong-q4-earnings-report.html
Wow apple, or snap I should say, stock is down massively.