Snapchat Stock Skyrockets After Showing Confidence In Fight Against Instagram

Snapchat’s positive Q4 2017 earnings convinced investors the platform can compete with Instagram, sending its share prices up by 46 percent on Wednesday. Snapchat shared its fourth quarter earnings on Tuesday, which revealed the company now has 187 million daily active users, up from 178 million in the third quarter. The figure surpassed analyst’s expectations of…