Snap Inc. (SNAP): An Activist Target With High Cash

We have just published our list of the 10 Activist Target Stocks with High Cash and Low Valuations, with Snap Inc. ranked 7th on the list.

Snap Inc. (NYSE:SNAP) has come under scrutiny amid valuation concerns. In March, Irenic Capital disclosed a 2.5% stake in the company and reiterated that operational changes were needed to unlock substantial shareholder value.

As part of its campaign, Irenic highlighted the substantial costs associated with Snap Inc.’s augmented reality (AR) glasses...