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Snap earns the vast majority of its revenue from selling digital advertising on the Snapchat app

Snap shares sink 25% as Apple changes hit ads business

Shares of Snap plunged 25% last night after the owner of photo messaging app Snapchat said privacy changes implemented by Apple on iOS devices hurt the company's ability to target and measure its digital advertising.

Business • 22 Oct 21

Shares of Snap jumped as much as 20% to $14.93 in trading after the bell on Wall Street last night

Snap shares rise 20% as coronavirus increases use

Snap last night beat Wall Street estimates for quarterly revenue and user growth for its Snapchat app, as more people seek entertainment while they stay at home during the global coronavirus pandemic.

Business • 22 Apr 20

Snapchat said it had 210 million daily active users in the third quarter ended September 30

Snap disappoints with 4th-quarter revenue guidance

Snap last night forecast fourth-quarter revenue which waas largely below Wall Street estimates, sending its shares down 5% in after-market trading.

Business • 23 Oct 19

Snap shares jumped more than 17% to $8.25 in after-market trades that followed release of the earnings figures

Snapchat parent Snap lifted by quarterly update

Snap shares surged last night after it reported rising revenue, narrowing losses and a stable number of people using its Snapchat smartphone image-themed social network.

Business • 06 Feb 19

The number of daily active users on Snapchat, crucial for generating advertising revenue, rose to 191 million in the three months to the end of March

Snap shares sink 16% as redesign weighs on results

Snap fell short of Wall Street forecasts for revenue and regular users after a redesign of its Snapchat messaging app turned off some long-time fans and advertisers.

Business • 02 May 18

Snap aims to raise $3.4bn in IPO

Snap Inc has priced its initial public offering above its target range, raising $3.4 billion as investors set aside concerns about its lack of profits and voting rights for a piece of the hottest tech IPO in years.

Business • 01 Mar 17