Snap CEO Targets Free Cash Flow Per Share; Eyes Specs Opportunity
Snap CEO announced that free cash flow per share will be the company's primary financial objective going forward, and highlighted smart glasses as the biggest long-term opportunity, with a September 16 launch event in Los Angeles.
SNAP
During a conference call, Snap’s CEO stated that the company will now prioritize free cash flow per share as its main financial metric.
The executive also underscored that the largest long-term growth opportunity lies in its smart glasses, referred to as 'specs'.
Further details are expected at a product launch event scheduled for September 16 in Los Angeles.
Source: First Squawk