) reversed initial losses following Tuesday’s results, rising 4% in early trade as analysts focused on strong third-quarter numbers rather than a disappointing revenue outlook for the final three months of the year.
After a period when the social media company and its trademark disappearing messages have struggled to compete with Facebook’s Instagram, JPM analysts said they expected Snap to capture greater advertising spending. “Jefferies is positive fundamentally , but would wait for a pullback to get constructive,” Thill said.
Snap down 5% update?
Down yesterday and down today. Fake news?
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