Snap reports surge in growth in users and revenue in the first quarter, as homebound users turned to its chat app for connection with friends amid the pandemic
Snap Inc. on Tuesday reported a surge in growth in users and revenue in the first quarter, as homebound users turned to its chat app for connection with friends amid the pandemic.
The results mark a surprise as many analysts estimate sharp decreases in digital ad spending in the quarter, the first to show the impact of the coronavirus crisis. As Snap is the first social-media company to report results for the quarter, its performance could bode well for heavyweights Facebook Inc. and Alphabet Inc., which deliver earnings...
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