Snapchat+ Draws 4 Million Paid Subscribers In First Year
Portfolio Pulse from Benzinga Newsdesk
Snapchat's subscription-based platform, Snapchat+, has attracted 4 million paid subscribers in its first year, according to Axios.
June 29, 2023 | 1:19 pm
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POSITIVE IMPACT
Snapchat's paid platform, Snapchat+, has gained 4 million subscribers in its first year, indicating a successful revenue stream for the company.
The news of Snapchat+ gaining 4 million subscribers in its first year is a positive indicator of the platform's success and potential revenue generation for Snap Inc. This could lead to increased investor confidence and potentially a rise in SNAP's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100