The company announced that its monthly active subscribers reached 330 million, thereby beating the initial forecasts for just 318 million.
As a result of that, the share price of the social media company jumped with 15.64%, closing only 23 cents shy of the 40 dollars’ mark at 39.77. Yesterday’s trading session opened with a huge gap, following Monday’s closing price and the respective termination of the range at 34.39.
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