Snap Stock Rising By 218% Since Mid-March Drastic Fall

Just like Zoom and Instagram, Snapchat serves users to communicate and self-entertain in many ways. The lockdown makes people use this kind of apps a lot while physical communication is still risky to health. However, monetization brings not much revenue to the developer since a lot of real businesses which order the ad impressions cease operating. Fortunately, delivery and software linked industries still use Snapchat’s services to advertise. The COVID-19 could not close all the businesses. It just forced entrepreneurs to adapt to the new rules of running the operations.

SNAP stock has been making significant gains since March 18 bottom of the market performance. Almost $10 is being added to the price while increasing the average volume over the total. Q1 2020 report shows decreasing revenue which is less than Q4 2019’s. The operating expense fell too but operating income is still negative. Frankly, the balance sheet looks stable that liabilities have not grown much over the past quarter reports.

Alex Krakowsky

Editor in Chief. Living in the era of dynamic tech change Alex decided to stay tuned in changes that make any person find comfort and adapt to new devices. Furthermore, gaming became his passion for spending leisure time with his close ones. Although, he has a degree in Business Administration (majoring in Finance) writing for technology and as well as finance has been one of the precious aspects of his life

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