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Emerging Tech Investments
Snap Earnings and the Race to the Metaverse

Snap Earnings and the Race to the Metaverse

$SNAP correction is no surprise.

Michael Spencer's avatar
Michael Spencer
Oct 22, 2021
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Emerging Tech Investments
Emerging Tech Investments
Snap Earnings and the Race to the Metaverse
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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…

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