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Snap user number beats Wall Street estimate, shares soar

Updated : February 06, 2019 06:41 AM IST

The photo-messaging app, known for its disappearing messages and filters that turn people into dogs or even tacos, has struggled since going public in March 2017, as Instagram has replicated many of its novel features.
In the fourth quarter Snap topped Wall Street with 186 million daily active users, flat with the previous quarter and down 1 million from the same period a year ago.
The company avoided a third consecutive quarterly decline in users following its redesign, but some questioned the company's ability to grow.
Snap user number beats Wall Street estimate, shares soar

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