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Snapchat lowers IPO value amidst dipping user growth

Fri, Feb 17 2017, 02:14 PM

Snap Inc., parent of Snapchat, the image-messaging app, saw its daily average user (DAU) growth dip in Q4 of 2016 to 46%, and lowered its IPO valuation to $19.5-22.2 billion from $20-25 billion as expected.