Why Snap Stock Surged Today

Joe Tenebruso, The Motley Fool
·1 min read
Why Snap Stock Surged Today

Shares of Snap (NYSE: SNAP) jumped 11% on Tuesday, following the social media company's first investor day event. Investors cheered Snap's long-term growth projections. CEO Evan Spiegel said the gains will be fueled by more-engaging video formats and new technologies such as augmented reality, which overlays computer-generated images into the views users see on their mobile devices' screens.