Finally, Some Good News for Snap Inc.

Snap Inc. (NYSE: SNAP) has had a tumultuous few months since its IPO back in March. The company's latest quarterly earnings report showed that daily active user (DAU) growth for its Snapchat app grew by just 4% sequentially, which isn't exactly promising for such a young company.

Additionally, downloads of the app have fallen 22% from the same time last year, according to SensorTower, indicating that the company may be having a hard time getting new users to sign up. All of this has weighed heavily on Snap's share price, which has plummeted about 40% since March.

Image source: Snap.

Source: Fool.com