Snap CEO Bets Big On Subscription Revenue Runway After Q2 Beat Sends Stock Soaring: ‘Substantial Room To Grow’
Snap Inc.’s shares surged more than 7% in overnight trading on Monday after the technology firm reported second-quarter results that topped estimates, marking a rare post-earnings rally for the stock, which has been hovering near record lows.Snap’s revenue increased 19% to $1.60 billion, marking th…