FIRST AIRED: April 24, 2019

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COMING UP:Share Opener Variant 4

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Transcript

00:00:00
snap gave investors another quarter of earnings to cheer about the photo messaging app Tuesday beat wallstreet targets on revenue and even added users for the first time in three quarters thanks to its popular original shows in a new app for android phones that help push up the stock over ten percent in after hours trading snap shares have more than doubled so far this year Reuters reporter Sheila dang so late last year %HESITATION snap was in a much more trouble to place a lot of their executives were leaving the company one after another and they were losing users and so this is a really great quarter for them because CEO Evan Spiegel has been able to kind of turn the ship around Snapchat users grew to one hundred ninety million by the end of March from one hundred eighty six million at the end of the year thanks to a new ad format that makes commercials on its original shows on skipper both revenue also jumped nearly forty percent and it's been able to avoid problems with misinformation plaguing Facebook and YouTube two major rivals for ad dollars us a snapshot has really put an emphasis on %HESITATION their focus on privacy and the fact that most people on Snapchat arches communicating with the one friend or a close group of friends and so they've been able to avoid a lot of the %HESITATION fake news problems that %HESITATION Facebook has run into and they also don't experience you know the broadcasting of violent content the way Facebook and YouTube %HESITATION a struggle with and so %HESITATION advertisers are really attracted by that they don't have to worry about their ad showing up next to Bisland videos and so that has helped Snapchat grow revenue it's not just snap on Tuesday Twitter also posted a surprise pick up in monthly active users and posted better than expected quarterly sales thanks to its attempts to clean up , it's platform deleting spam and better policing posts investors applauded the news sending Twitter stock up over fifteen percent on the day