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Why Snap Stock Surged Today

TheMotleyFool

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Shares of Snap (NYSE: SNAP) jumped 11% on Tuesday, following the social media company's first investor day event.

The parent company of Snapchat told analysts and shareholders that it expects to grow revenue by at least 50% annually for the next several years. That would be a significant acceleration from the 46% revenue growth Snap delivered in 2020.

Investors cheered Snap's long-term growth projections. Image source: Getty Images.

Source Fool.com

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