Snap Jumps as Instagram's Troubles Could Prove to Be Opportunity
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Could the dispute between Instagram’s founders and Facebook Inc. spell opportunity for Snapchat? Some investors seem to think so.
Shares of Snap Inc. rose more than 3 percent at the open Tuesday after reports that Instagram’s founders are leaving Facebook amid growing tensions. Snap has been struggling in a mobile-advertising market dominated by Facebook and Alphabet Inc.’s Google.