Snapchat users up 8% in a year to 203 million, company says

Shares climb as Snap Inc announces 48% increase in revenue to $388m Snapchat announced an exceptionally strong second quarter on Tuesday, sending shares surging in after hours trading. New augmented reality tools, a redesign of its has been working to address government concerns about app safety and added new Android app features to increase its use. Spiegel said the ephemeral nature of Snapchat messages, which delete after sending, create a more intimate social media experience than what users find on other platforms. The way we have constructed our service enhances user privacy and going forward that is something we will always keep in mind, he said. The earnings represent a continued turnaround for Snapchat, Original Article : HERE ;