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3 Reasons I Just Bought Snap

TheMotleyFool

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Social media stocks have taken off over the last year, and Snap (NYSE: SNAP) is no exception.

The Snapchat-parent has jumped nearly 300% since the beginning of 2020 as revenue growth has accelerated and the company has taken meaningful steps to profitability. Snap has capitalized on a number of trends, including increased screen time during the pandemic and a backlash against Facebook. Thanks to those tailwinds and an improved suite of advertising products, the company seems to be at a tipping point -- the business is reaching scale.

I took the opportunity of the stock's recent pullback to scoop up a few shares. Here are three reasons why.

Source Fool.com

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