The Bull Case for Snap

Snap’s stock plunged this week after reporting lackluster second-quarter results. But some investors still see reasons to be bullish about the company.

Sasha Kaletsky, managing partner of early-stage venture firm Creator Ventures, said the Snapchat parent company has invested “incredibly aggressively” in Spotlight, its TikTok competitor, which now makes up 40% of content watch time on the app. He also pointed to surging usage of its paid subscription offering, Snapchat+, which gives users access to additional features.