Snap Stock Soars After Massive Earnings Beat

While Big Tech earnings are the talk of the town today, social media company Snap Inc (NYSE:SNAP) stole the show, posting first-quarter earnings and revenue that topped analysts' expectations, with the latter rising to $1.19 billion thanks to the firm's improved advertising platform. At last glance, SNAP is up 24.5% to trade at $14.20. Snap stock is on track for its best single-session gain since February 2022, and has now cleared recent congestion below $12.50. Still, the shares are down 15.1% in 2024, sti ...