3 Snapchat ETFs React to First Quarter Story

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Facebook, Instagram, Snapchat

According to Reuters, “Facebook, whose photo-sharing platform Instagram directly rivals Snapchat, last week reported a surprisingly strong 63 percent rise in profit and an increase in users, with no sign that business was hurt by a scandal over the mishandling of personal data.”

Unfortunately, a massive scandal did not hurt Facebook as much as a redesign meant to please users hurt Snapchat and Snapchat users.

Will Snapchat be able to tell a new story?

Will they recover? Not with this design. But hopefully soon.