Snap is rallying after a report reveals it may be 'siphoning away' more younger users from Facebook (SNAP, FB)

pulse

February 12, 2018 3:09 PM

An eMarketer report found that Snapchat was the app of choice among young users over Facebook.

Still, Facebook was adding total monthly users, though mostly from an older cohort.
Snap is poised to add more users this year than ever given its new app redesign.

Snap shares were gaining ground after a report found that Facebook was losing younger users at a faster clip to Snapchat than previously expected.

Snap's stock was up 2.23% on Monday morning at $19.22 a share.

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