Snap Inc. stock surges nearly 40 percent after reporting strong earnings, user growth

SAN FRANCISCO — Investors rewarded Snap Inc. handsomely on Wednesday as the social media company’s shares soared 39 percent following the company’s unexpected positive earnings report. The Venice, Calif.-based company surprised analysts on Tuesday when it reported revenue of $286 million in its fourth quarter, a 72 percent increase from a year earlier, due to strong…