Snapchat shares snap back after results shock

Firm reports heavy losses but investors are more worried about user numbers

Snapchat
(Image credit: Carl Court/Getty)

Social media upstart Snapchat has snapped back to earth with a bang after results show huge losses last year and disappointing user growth.

In early March, the company listed at $17 a share and was valued at $24bn (£19bn). But the stock has traded up as high as $28bn (£22bn) over the past month.

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