Snap Inc. Shares Rise 12% to $12.75 After Better-Than-Expected Earnings; Google Shares Drop 6.5%

Snap Inc. shares experienced a notable increase of 12% following the company's latest earnings report, which revealed better-than-expected profit and revenue figures. In extended trading, Snap's stock rose to $12.75, marking an increase of 9.94% at one point. The positive performance was attributed to a rise in the number of loyal users, contributing to the overall favorable outlook for the company. In contrast, Alphabet Inc. (Google) saw its shares decline by 6.5% after reporting its own earnings results.