Spiros Segalas Comments on Snap

Guru stock highlight

Jan 19, 2022

Summary

A top detractor.

Snap (SNAP, Financial) detracted from Fund performance. Despite posting 57% year-over-year revenue growth during the third quarter, Snap conveyed weaker-than-expected guidance for the first quarter of 2022, generating concerns among investors that recent privacy changes in the Apple App Store may continue to affect Snap’s advertising revenues.

From Spiros Segalas (Trades, Portfolio)' Harbor Capital Appreciation Fund fourth-quarter 2021 commentary.

Disclosures

I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours. Click for the complete disclosure

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