🟢 Snap is trading 5% up in pre-market amid focus on proposed Specs stake sale

Snap is trading at $6.54, up 4.98% in pre-market, as recent coverage focuses on a proposed Specs stake sale.

• Blue Duck Capital’s proposal calls for Snap to sell about 20% of Specs at a $5 billion valuation, potentially raising $1 billion.
• The pre-market gain follows a 6.31% rise on October 9, extending a recent upward run; no new Snap-specific announcement explaining the October 12 move was identified.
• Modest broader-market gains offered limited additional context.