Snapchat parent company sees shares surge as improved ad system pays off
by Guardian staff and agencies from Technology | The Guardian on (#6MC34)
Snap's share surged 21% in after-hours trading as app's users increased by 422 million, bringing in $1.2bn in revenue
Shares in the owner of Snapchat surged 21% during after-hours trading after the social media group beat Wall Street's expectations for quarterly revenue and user growth.
Improvements to Snap's advertising system are delivering results faster than anticipated, the company said.
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