Snap beats revenue and user growth estimates, announces $500 million buyback
Advertising
:Snap beat Wall Street expectations for both quarterly revenue and user growth on Tuesday, as the parent company of messaging app Snapchat has been able to lure back some advertisers with better-performing ad features. It also announced a share repurchase program of up to $500 million. Shares of Snap initially fell 8 per cent in after-market trading before rising 10 per cent to $12. The Santa Monica, California-based company, which earns most of its revenue by selling digital advertising, has
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