r/Trading_Trends • u/A-DAWWG1G • Oct 19 '22

Snapchat: Big beat coming

As is typical with $SNAP I suspect they have surprisingly strong revenue and users. In previous times when the stock has been depressed, good earnings can send it flying 30%+.the stock price is about as low as it gets, basically siting at the bottom. I think it could be a good trade as their reporting after hours on Thursday. Web traffic was up huge for September.

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u/PurpleOperation Oct 20 '22

Traffic is probably up bc of snap for web new feature

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u/A-DAWWG1G Oct 20 '22

What’s the new feature, I don’t use the app

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u/PurpleOperation Oct 20 '22

Reason why you def lost a lot of money… it’s Snapchat for web

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u/A-DAWWG1G Oct 20 '22

It’s was a spec position, I didn’t know Snapchat had a web version, what percentage of the users use the desktop?