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Snap Posts Record User Growth

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Snapchat's parent reported its strongest user growth as a public company and accelerating revenue

Snap Inc. reported its strongest user growth as a public company and accelerating revenue, signs that long-awaited Snapchat app improvements and a leadership overhaul are translating into gains for the business.

The Santa Monica, Calif., company on Tuesday said its daily user base rose 7% from the previous quarter to 203 million, marking the second consecutive quarter of growth after three quarters of stagnation or decline. The addition of 13 million daily users from the first quarter was the largest since its 2017 initial...

 

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huh, im surprised. i thought snapchat was dying due to instagram. guess not?

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Traders bet Snap could soar 12% after earningsSnap's stock gets bullish bets from options traders as the social media giant prepares to report earnings after Tuesday's closing bell. OptionsAction you permabull charlatans are an utter disgrace - stop spivving retail investors into stocks on a short term basis - you are a disgrace - the earnings are a lottery and SNAP can easily lose 10% in a day OptionsAction SNAP still around?
Source: CNBC - 🏆 12. / 72 Read more »