Snap Earnings and the Race to the Metaverse

$SNAP correction is no surprise.

As Facebook will pivot its brand in the pursuit of the metaverse, I’d argue ByteDance and Snap who understand GenZ are the actual leaders of the race to the metaverse. During the pandemic, $SNAP’s price was $10, so how did it go to reach $70? In late September, 2021 it reached $83.

Snap reported it missed revenue expectations in the third quarter on Oct…