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Down 90% From Its Record High, Can Snap Stock Snap Back in 2025?
Snap (NYSE: SNAP) is the parent company of the popular Snapchat social media platform. Its stock reached a peak of $83 during the tech frenzy in 2021, but it has since plunged by 90% as it couldn't sustain the extremely high valuation it held at the time.Snap's revenue and profits have also been relatively lumpy over the last couple of years, but some of its innovations in advertising technology, augmented reality (AR), and artificial intelligence (AI) are starting to bear fruit.The stock is now trading near the cheapest level in its history, making this an ideal time to buy ahead of a potential long-term recovery.Continue reading
Snap (NYSE: SNAP) is the parent company of the popular Snapchat social media platform. Its stock reached a peak of $83 during the tech frenzy in 2021, but it has since plunged by 90% as it couldn't sustain the extremely high valuation it held at the time.
Snap's revenue and profits have also been relatively lumpy over the last couple of years, but some of its innovations in advertising technology, augmented reality (AR), and artificial intelligence (AI) are starting to bear fruit.
The stock is now trading near the cheapest level in its history, making this an ideal time to buy ahead of a potential long-term recovery.
