🟢 SNAP is trading 4.4% up today as activist Randian Capital hosts town hall

SNAP is trading at $4.83 (+4.4%) as activist investor Randian Capital hosts a shareholder town hall today following demands for a strategic review.

• The meeting follows an April 1 open letter from Randian Capital calling for a spin-off of the Spectacles hardware division.
• Shares are significantly outperforming the broader market, with the NASDAQ up only 0.28% in early session trading.