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Snap Posts Jump in Users, but Warns of Shrinking Revenue Growth

By Alex Heath
· · Source: The Information

Snap doesn’t appear to be feeling business pain from the coronavirus pandemic, at least not yet. The maker of Snapchat reported 44% higher revenue for the first quarter, to $462 million, just above the midpoint of the company’s guidance. It also added 39 million daily users, a 20% jump, and trimmed its losses. The news sent its stock soaring roughly 20% in after-hours trading. Looking ahead, the...

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Photos by Bloomberg; Shutterstock. Illustration by Mike Sullivan
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