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flag Snap CEO Evan Spiegel addresses US economic slowdown risks and outlines revenue diversification strategy.

flag Snap CEO Evan Spiegel expressed concerns about potential U.S. economic slowdowns linked to proposed tariffs and taxes by presidential candidates. flag In an internal letter, he highlighted Snap's strategy to diversify its revenue, focusing on augmented reality and new advertising formats. flag Despite a 48% drop in stock this year, Snap anticipates record annual revenue of $5.35 billion, driven by growing user engagement and a global community exceeding 850 million.

8 months ago
22 Articles