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Twitter is now worth more than Snap

Twitter is now worth more than Snap
From TechCrunch - February 8, 2018

Adding to whats already aVery Weird 2018, Twitter now has a bigger market cap than Snapchat maker Snap after posting a thoroughly interesting earnings beat for its fourth quarter this morning.

Shares of Twitter rocketed more than 25% this morning following the report, which showed the service is actually able to generate a profit on a GAAP basis. Twitter already wrapped up 2017 with a big run on Wall Street, but it looked like Snap would would be heading into this year as the more-valuable of the semi-distressed pair of social media companies. Now, Twitter has a market cap of around $25 billion, while Snap has a market cap of $24 billion. Thats a pretty narrow gap, but still a semi-big deal.

Chart time! Heres Twitters stock for the past year or so:

And heres Snap:

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