Just check the SNAP stock value for the past 6 months[1] and you'll see that it had lost roughly 70% of its stock value.
With today's earning announcement, it has just recovered some of those lost market value. Still, with this positive news (i.e. about 60% increase in stock value, post earning announcement), they're around 50% down from its peak (which was just in the recent past, less than 6 months ago).
With today's earning announcement, it has just recovered some of those lost market value. Still, with this positive news (i.e. about 60% increase in stock value, post earning announcement), they're around 50% down from its peak (which was just in the recent past, less than 6 months ago).
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[1]- https://finance.yahoo.com/chart/SNAP