Snapchat’s (SNAP) Q3 2024 earnings report brought a slew of new details regarding the company’s latest quarter. This included the announcement of a $00 share buyback program, which has been authorized by Snapchat’s board.
Snapchat announced the share buyback program in its Q3 2024 earnings report. The company explains that the program’s purpose is to “opportunistically offset a portion of the dilution related to the issuance of restricted stock units to employees as part of the overall compensation program designed to foster an ownership culture.”
Source: Snapchat
Snapchat also reported that it had 443 million Daily Active Users in Q3 2023. Stick with Shacknews for more finance news from the tech industry.
Donovan is a journalist from Maryland. His oldest gaming memory is playing Pajama Sam on his mom's desktop during weekends. Pokémon Emerald, Halo 2, and the original Star Wars Battlefront 2 were some of the most influential titles in awakening his love for video games. After interning for Shacknews throughout college, Donovan graduated from Bowie State University in 2020 with a major in broadcast journalism and joined the team full-time. He is a huge film fanatic and will talk with you about movies and games all day. You can follow him on twitter @Donimals_
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