Snap on the Rise: Radical Cost-Cutting Drives Volume and Price Upward

Job cuts of 16% of the workforce are expected to realize annual savings of over USD 500 million and secure profitability. The activist investor Irenic Capital is driving the transformation, which bolsters confidence in a sustainable turnaround at the social media company. With an anticipated revenue growth of 12% in the first quarter, the operational business shows clear signs of stabilization despite high competitive pressure. The US technology company Snap has established itself as a pioneer of visual communication, operating Snapchat,...