Snap soars by more than 10% on daily users report - Breaking The News

Snap soars by more than 10% on daily users report

16 October

1 min read

EPA/JUSTIN LANE

Snap Inc.'s stock skyrocketed on Monday after The Verge reported the company's Chief Executive Officer (CEO) Evan Speigel revealed to the employees that 475 million people use the application on a daily basis.

Furthermore, Speigel allegedly added that Snap's revenue is projected to jump by more than 20% next year.

Snap's shares surged by 11.41% at 1:24 pm ET to sell for $9.67.

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