Shares of Snap (NYSE: SNAP) got a boost on Thursday after the news media got hold of an internal memo from CEO Evan Spiegel. As reported by tech news website The Verge on Wednesday, Spiegel has laid out a plan to Snap's employees calling for $6 billion in revenue in 2023 and over $1 billion in free cash flow (FCF). In other words, Spiegel is calling for impressive growth over the next 16 months or so, turning Wall Street's head. Read More...
Shares of Snap (NYSE: SNAP) got a boost on Thursday after the news media got hold of an internal memo from CEO Evan Spiegel. As reported by tech news website The Verge on Wednesday, Spiegel has laid out a plan to Snap’s employees calling for $6 billion in revenue in 2023 and over $1 billion in free cash flow (FCF). In other words, Spiegel is calling for impressive growth over the next 16 months or so, turning Wall Street’s head.
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