Social Media Summer Ad Spend Shifted To Snap

Snap posted massive revenue gains and increased its user base to 249 million amid a tough Q3 for Facebook and TikTok

Snap reported big Q3 gains Tuesday. Snapchat, iStock

For the third quarter of 2020, Snap posted impressive gains in its user base and revenue, beating internal expectations after six months of quarantine in the United States.

@ScottNover Scott Nover is a platforms reporter at Adweek, covering social media companies and their influence.