SAN FRANCISCO : Snap, the parent company of popular social media platform Snapchat, saw its stock up nearly 20 per cent after its first quarter revenue increased 44 per cent (year-over-year) to $462 million, along with Snapchat's daily active user base reaching 229 million, which is up 20 per cent from last year.
DAUs increased sequentially and year-over-year in each of North America, Europe, and rest of the world on both iOS and Android platforms.
On average, more than 4 billion Snaps were created each day in Q1 2020. "We are grateful for the opportunity to serve our community and partners during this difficult time," Snapchat CEO Evan Spiegel said in a statement. "Snapchat is helping people stay close to their friends and family while