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Why Snap's Stock Is Trading Higher Today

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Why Snap's Stock Is Trading Higher Today

Snap Inc. (NYSE: SNAP) shares are trading higher. 

Bloomberg reported Trump may order China's ByteDance to sell TikTok's U.S. operations. TikTok has been seen as a competitor to Snapchat and this action could potentially benefit Snap.

Snap operates as a camera company in the United States and internationally. The company offers Snapchat, a camera application that helps people to communicate through short videos and images called Snaps.

Snap's stock was trading up 3.84% at $24.27 per share on Friday at the time of publication. The company has a 52-week high of $26.76 and a 52-week low of $7.89.

 

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