Snapchat Rises to Near 250 Million Daily Active Users

Hayden Barnes
Oct 20, 2020

Snap Inc surged over 24% after the software company reported well ahead of analysts’ estimates on quarterly revenue and user growth. Snap’s revenue jumped 52% to $678.7 million and reported 249 million daily active users during the quarter.

Winning Streaks

Snap attracted more advertisers this quarter because of a rise in spending and…

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