Why Snap Stock Is Skyrocketing to All-Time Highs Today
Shares of Snap (NYSE: SNAP) have skyrocketed to all-time highs today, up by 36% as of 12:10 p.m. EDT, after the Snapchat parent reported blockbuster third-quarter earnings. "Our focus on delivering value for our community and advertising partners is yielding positive results during this challenging time," CEO Evan Spiegel said in a statement. Monetization also improved dramatically, with average revenue per user (ARPU) hitting a record $2.73.
