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When daily active users at Snapchat's parent business rose somewhat more than expected, the stock of social media company Snap fell.

Shares of Snap (SNAP) fell 2.5% to $28.67 on the New York Stock Exchange. Snap's revenue for the third quarter came in at $1.06 billion, missing analysts' expectations of $1.07 billion on Thursday night. First quarter daily active users at Snap grew by 18 percent to 332 million. Analysts had predicted that 331 million people will be in attendance.(More)

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