Snap Stock Roars 28% Higher to Record $50 Billion Valuation

By Christine Zosche 

Snap Inc. shares jumped 28.3 percent on Wednesday, hitting all-time highs that pushed the Snapchat parent company’s valuation to more than $50 billion for the first time. (MarketWatch)

Tuesday, Snap posted the highest daily active user growth rate for Snapchat since 2017 and significantly topped Wall Street revenue expectations for the third quarter of 2020. (Variety)

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