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Snap climbs 14% as activist Irenic suggests changes to boost stock's value 7x

Irenic Capital suggested shuttering the Specs division and replacing more than a fifth of Snap's workforce with artificial intelligence.

1 report1 sourceMar 31, 2026, 8:41 PM
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CNBCMar 31, 2026, 8:41 PM

Snap climbs 14% as activist Irenic suggests changes to boost stock's value 7x

Irenic Capital suggested shuttering the Specs division and replacing more than a fifth of Snap's workforce with artificial intelligence.

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