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Snapchat surpasses 30M paid subscribers
Snapchat announced it has surpassed 30 million paid subscribers, a milestone highlighted in its earnings release. The company’s shares dropped 12% after reporting quarterly ad revenue and user growth that missed analyst expectations. Daily active users rose to 495 million, slightly below the projected 499 million. CEO Evan Spiegel emphasized a long‑term focus on community value over daily engagement metrics and outlined plans to enhance advertiser performance and broaden business outreach. The company remains committed to strengthening [...]