Feb. 3 at 6:39 AM
$SNAP
Street still treating this like a pure ad-cycle name, but the setup is better than sentiment.
Core ads stabilizing, DAUs holding, ARPU inflecting — operating leverage is coming back. Specs spin-out = cost isolation + optional upside, not a drag.
If mgmt guides opex discipline + steady ad demand, this re-rates fast. Stock priced for zero innovation value.
Risk/reward skewed up into earnings. 📈🔥