Snap's stock closed up 14.43% on March 31 after activist investor Irenic outlined steps to boost its value 7x, like cutting staff by 21% and shutting down Specs CNBC 2026-04-01 Lola Murti Irenic, Snap Related Coverage Activist Investor Irenic Builds Stake in Snap, Calls for Changes Bloomberg · Liana Baker Snap (SNAP) Soars 14.4% as Investor Rallies for Corporate Changes Insider Monkey · Angelica Ballesteros Snap Stock Could Quintuple if It Cuts Staff, Pivots to AI, Activist Says Barron's Online · Kit Norton Snap (SNAP) Stock Surges 14% on Activist Investor's AI and Efficiency Blueprint Blockonomi · Oliver Dale Activist investor Irenic swoops in on Snap with new stake, shares surge Reuters · Svea Herbst-Bayliss Snap Inc. Shares Jump Over 13% as Activist Investor Irenic Capital Management Builds Stake The Wrap · Lucas Manfredi Irenic Capital Discloses Snapchat Stake, Seeks Strategy Changes to Boost Valuation Wall Street Journal · Elias Schisgall Irenic Sends Letter to Snap Inc. Co-Founder and CEO Evan Spiegel and Issues Presentation Outlining Actionable Steps to Unlock Value Irenic Snap's activist captures the future of shareholder rights Financial Times Discussion @daniloc.xyz @daniloc.xyz on bluesky Dorsey texting Spiegel the “first time?” gallows meme [embedded post]