Screenshot these numbers... Snap shares soared to a record on Wednesday after it updated investors about its biz. Snap expects 50% annual sales growth for the next few years (music to investors' ears). With 265M daily users, Snap says it reaches 90% of 13- to 24-year-olds in the US. Investors also liked Snap's new strategy to grow ad sales in non-messaging features, like Snap Map. 35M businesses are already on Map, and Snap will continue Yelp-ifying to drive sales. With a growing mix of products, investors think Snap is past its pics-only tween stage: shares have more than 4X'd over the past year.
Not the band... But if Carvana had a theme song, it would be "Come as You Are." The online used-car seller saw its shares jump 8% after earnings on Friday. Carvana's quarterly sales jumped 65% from 2019, and profit soared 71% to an impressive $244M. People were scared of public transit, and many moved out of cities to WFS (work-from-suburb). That pumped up car demand and prices, especially for used cars: used vehicle prices soared a whopping 14% in 2020. Those increases boosted sales for online car sellers like Carvana and Vroom.