Snapchat Co-Founders Share $2.7 Billion Windfall
- Snap climbs 25% in extended trading after earnings report
- Third-quarter sales surge 52%, beating analyst estimates
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Snap Inc.’s co-founders got richer by billions of dollars in just a few hours, after the company reported better-than-expected results as the coronavirus pandemic boosted usage of its app.
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Snapchat Co-Founders Share $2.7 Billion Windfall