🟢 Snap is trading 8% up today amid a broad U.S. market rebound

Snap is trading 7.77% higher at ARS 10,050, alongside a broad U.S. rebound.

• By midday November 4, the S&P 500 rose 1.59%, Nasdaq 1.91% and Dow 2.19%.
• Q3 results followed the U.S. close, so do not explain the gain; no company-specific reason for the Buenos Aires-listed shares’ move is confirmed.
• After-hours reaction was sharply negative: revenue was $1.72 billion vs. $1.73 billion expected; daily active users were 495 million vs. 499 million.