Snap revenue tops estimates due to mobile ad demand

Jamie McKane

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Snap revenue tops estimates due to mobile ad demand

Snap Inc.’s second-quarter revenue topped analyst projections, signaling a pickup in demand for mobile advertising even as a controversial redesign of the Snapchat mobile app continued to hinder user growth.

Separately, Saudi billionaire Prince Alwaleed Bin Talal said he invested $250 million for a 2.3 percent stake in the social-media company.

[Bloomberg]
 
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