Will Snap Finally Reach Profitability in 2021?

Snap Inc. (NYSE: SNAP) owns Snapchat, one of the most popular mobile phone apps in the world. People love using the app stay in touch with friends, share photos, and consume content from social media creators.

Despite the popularity of the service, which launched nearly a decade ago, Snap has largely been unprofitable. However, the company has seemingly turned a corner as it began reporting positive EBITDA in the past year. Can the company solidify its profit streak in 2021, and could this drive the stock higher?

Image source: Getty Images.

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Source Fool.com