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Snap is losing its $10 users and gaining $1 ones. It beat anyway, and the stock jumped.

The Next Web

TechnologyThe Next Web·Aug 4, 2026·1 min read

Snap is losing its $10 users and gaining $1 ones. It beat anyway, and the stock jumped.

Snap had a good quarter, and the market treated it like a rescue. The shares jumped after hours, up as much as 13%, once the company beat estimates. The catch is where that rally begins: a stock near its all-time lows, down about 37% this…

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