SNAP is a sleeping giant that just woke up. For a decade all they cared about was growth. Now, they’ve changed their strategy to profitability.

Original Reddit post

Author argues Snap shifted from growth-at-all-costs to a profitability strategy, setting up a potential earnings beat and a sharp rally into late-April earnings.

SNAP — LONG The author claims Snap has abandoned its decade-long growth-at-all-costs strategy in favor of profitability, which they see as a fundamental positive shift. This sets up a potential earnings beat in late April, driving a rally of about 45% over the coming two months into that report. The main stated risk is that the company could disappoint on earnings instead of beating.

SNAP is a sleeping giant that just woke up. For a decade all they cared about was growth. Now, they’ve changed their strategy to profitability.