Over 1 Year Ago
2 Min Read
Shares of SNAP are trading 6% higher today. The primary reasons:
Snap Inc (SNAP) is trading 6% higher at $12.285 today.
- Snapchat is finding early success with its paid subscription service Snapchat Plus
- Amassed 1 million paid users since launching Snapchat Plus in late June
- Snapchat Plus gives users early and exclusive access to features for $3.99 a month
- "Lenses" are now available that give users additional tools and effects with their Stories
Snap Inc has been trading between a 52-week high of $83.34 and a 52-week low of $9.34. The stock has a market cap of $18.3 Billion.
Snap Inc. is a camera company. Snap believes that reinventing the camera represents its greatest opportunity to improve the way people live and communicate.
Headlines
Snapchat’s paid subscription is already a hit
The Verge 08-15-22
Active options: TSLA BBBY AAPL NVDA AMZN AMC AMD TLRY DIS SNAP
Investing.com 08-15-22
Snapchat+ subscribers hit 1M in six weeks of release; stock rises
Seeking Alpha 08-15-22
Snapchat reaches 1 million premium subscribers in bid for new revenue
Business Today 08-15-22
Companies - Snap says Snapchat+ now has 1 million subscribers, introduces new features
Business Mag 08-15-22
As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:
kstorm88 - 3 upvotes - source
I'd like snap at $15
Lawfulness-Time - 2 upvotes - source
Who else is in $snap weeklys
WallStreetYakuza - 2 upvotes - source
Snap calls 
Substantial_Guess688 - 2 upvotes - source
SNAP to 15 eom. That will still leave it 82% off it’s 1YH of 82.
ShiftBunny - 2 upvotes - source
SNAP puts looking appealing. Shorts have mostly closed out (SI 5%) It's holding $12 barely and easily can retest into the $10 range
FadeMeIfYouLoveMoney - 1 upvotes - source
Short 1,000 shares of SNAP here...
valderium - 1 upvotes - source
SNAP 
WallStreetlegend_1 - 1 upvotes - source
**I just realized that the snap from existence all the NSFW subs****REEEEEE**
ericbikesmontana - 1 upvotes - source
Amusing. Losing 100% of your money is me laying for your ass via Snap when I out my shit in non-shithead ETFs. So tl;dr🖕
Substantial_Guess688 - 1 upvotes - source
Sub $100 oil is so huge for a very desperate Administration. They need another low CPI print next month to help boost the market and help keep current levels at the pump for better peasant sentiment. So I’ll take SNAP to rip this week, and back the Kingdom of Saudi Arabia.
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