Social media and technology company (NYSE: SNAP) has reported financial results two times so far in 2024. The first time, the stock was absolutely hammered as investors worried about its growth. The second time, the stock skyrocketed as the company reported growth that surpassed expectations. The net result is that returns for Snap stock are basically flat year to date.

Over the last five years, returns for Snap stock have been basically flat, as well. As of this writing, shares only trade 7% higher than they did five years ago. By comparison, the S 500 is up almost 90% during this time.

What about the next five years? There are reasons to believe that Snap could impress investors. However, there's one problem that should be acknowledged.

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Source Fool.com