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Twitter Has Market Cap of $25billion Worth Than Snapchat


Twitter is now worth more than Snap

Posted 2 hours ago by Matthew Lynley(@mattlynley)

Adding to what’s already a Very Weird 2018, Twitter now has a bigger market cap than Snapchat maker Snap after posting a thoroughly interesting earnings beat for its fourth quarter this morning.

Shares of Twitter rocketed more than 25% this morning following the report, which showed the service is actually able to generate a profit on a GAAP basis. Twitter already wrapped up 2017 with a big run on Wall Street, but it looked like Snap would would be heading into this year as the more-valuable of the semi-distressed pair of social media companies. Now, Twitter has a market cap of around $25 billion, while Snap has a market cap of $24 billion. That’s a pretty narrow gap, but still a semi-big deal.

Chart time! Here’s Twitter’s stock for the past year or so:

Twitter Has Market Cap of $25billion Worth Than Snapchat

This post first appeared on Sirkaytech, please read the originial post: here

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Twitter Has Market Cap of $25billion Worth Than Snapchat


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