Shares of Snapchat parent Snap (NYSE: SNAP) were soaring Friday morning, up as much as 54.9% at one point before settling into a 45% gain as of this writing. Of course, the stock had fallen more than 20% yesterday, in sympathy with other social media stocks, amid lackluster earnings from a certain large peer. For the fourth quarter, Snap reported sizzling 42% revenue growth to nearly $1.3 billion, much more than the $1.2 billion expected. Read More...
Shares of Snapchat parent Snap (NYSE: SNAP) were soaring Friday morning, up as much as 54.9% at one point before settling into a 45% gain as of this writing. Of course, the stock had fallen more than 20% yesterday, in sympathy with other social media stocks, amid lackluster earnings from a certain large peer. For the fourth quarter, Snap reported sizzling 42% revenue growth to nearly $1.3 billion, much more than the $1.2 billion expected.
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