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Equity Shot: Twitter and Snap's surprising, synchronized social success

Equity Shot: Twitter and Snap's surprising, synchronized social success
From TechCrunch - February 9, 2018

Hello and welcome back toEquity, TechCrunchs venture capital-focused podcast where we unpack the numbers behind the headlines.

Today were doing another Equity Shot, a short topic-centered episode where we assemble the troops to dive into one particular thing. Or, in this case, two particular things.

Matthew Lynley, myself, and Katie Roof gathered to pick over Snap and Twitters respective earnings reports. They each managed to best expectations, leading to sharp rises in their respective share prices.

First up, Snap shotsharply higher after beating Wall Street revenue and profit expectations. The firm remains deeply, deeply unprofitable, consuming hundreds of millions of cash quarterly to grow. But, its top-line expansion was far enough ahead of expectations that when coupled to solid user growth investors were content.

(Also, a former TechCrunch denizen has a book coming out about Snap that is a good read thus far. More when I finish it.)

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