Snap is rallying after a report reveals it may be 'siphoning away' younger users from Facebook (SNAP, FB)
Monday, 12 February 2018 **
· *Snap shares were rising on news that it was taking younger users away from Facebook, according to the marketing firm eMarketer.*
· *Still, Facebook was adding total monthly users, though mostly from an older cohort.*
· *Snap is poised to add more users this year than ever given its new app redesign.*
Snap may have beat revenue expectations for the second quarter, but BTIG media and tech analyst Rich Greenfield says the Snapchat maker's performance is well below where many investors thought it would..