Snapchat halts decline in users; stock surges in after-hours trading

Snap Inc. has been facing crumbling investor confidence for months amid a decline in the number of users on its Snapchat platform and a series of high-profile executive departures.

Advertisement > Snap put a stop to the downward trend in user numbers that had plagued it since mid-2018, posting a stable user base of 186 million daily Snapchatters in the last quarter of 2018.

The 2018 dip was widely ascribed to an unpopular redesign of the Santa Monica firm’s disappearing-video app in early 2018, combined with a long delay in updating the company’s clunky Android offering.

Continue reading: LA Times