Snap shares rise 20pc after photo-messaging app says users will remain steady in first quarter

Published: 6/02/2019
Snap shares rise 20pc after photo-messaging app says users will remain steady in first quarter
Source: WWW.SCMP.COM

Snap Inc said the number of people using its Snapchat app would remain at current levels this quarter, easing worries the company would continue to lose users to rival Facebook’s Instagram and sending its shares up more than 20 per cent. The photo-messaging app, known for its disappearing messages and filters that turn people into dogs or even tacos, has struggled since going public in March

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