Snap Inc.
Snap Back to Reality: Activist Surge Propels Snap Inc. Shares 12% Higher Amid Calls for Radical Overhaul
In a dramatic shift for the social media sector, shares of Snap Inc. (NYSE:SNAP) surged more than 12% on Wednesday as the market reacted to a public campaign launched by activist investor Irenic Capital Management. The investment firm, which has built a significant stake in the Santa Monica-based company,