Is Snapchat getting its mojo back? Snap stock soars on Perplexity deal and strong forecast

Core Insights - Snapchat faced a critical moment where it appeared to be on the verge of becoming obsolete in the social media landscape, characterized by user losses and failure to meet revenue forecasts [1] Company Summary - Snapchat's user base has been declining, which raises concerns about its long-term viability in the competitive social media market [1] - The company has struggled to achieve its revenue targets, indicating potential challenges in its business model and market strategy [1]