, Columnist
Snap Enters Its Rorschach Phase: You See What You Want
Its earnings had plenty of evidence for optimists and pessimists alike.
There's good news and bad news.
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
If you’re inclined to be optimistic about Snap Inc., the company’s earnings results on Tuesday gave you hope. The same was true if you’re inclined to be pessimistic.
The good news was Snap’s user numbers didn’t shrink, revenue growth was better than expected and spending was restrained by Snap’s modest standards. The bad news: Those three factors probably won’t last.