SNAP stock is making a big move in Wednesday’s trading session after Snap Inc. (NYSE:SNAP) posted a better-than-estimated revenue and earnings for the second quarter.
Snap has seen exceptional growth on its Snapchat app after the company launched a new version of the Android app with more fun ways for users to manipulate videos and photos. The company indicated that in the second quarter, it had an average of 203 million users, which surpassed analysts’ estimates of 191.7 million users.
The New Version of the Mobile App Spurring GrowthThe growth in the number ...
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