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Snap Projects 50% Annual Revenue Growth for Next Several Years
Todd Spangler NY Digital EditorAt its first investor day conference, Snap outlined a bullish future for the Snapchat app — with senior execs saying they expect the company to generate 50% revenue growth for at least the next several years.On the upbeat forecast, Snap shares popped more than 7% on Tuesday, with the stock hitting all-time highs, after dropping nearly 10% earlier in the day.Today, Snap has less than 2% share of the U.S. digital ad market, while Snapchat reaches nearly half of U.S.
