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Why Snap Stock Jumped Today

TheMotleyFool

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Shares of Snap (NYSE: SNAP) have jumped today, up by 5% as of noon EDT, after The Information reported yesterday evening that the company is planning to open its Snapchat platform up to third-party developers. Snap is expected to announce details at its annual Snap Partner Summit, which the company separately confirmed would take place on June 11 as a virtual event due to the COVID-19 pandemic.

Snapchat is planning to open up its app to outside developers for the first time, a shift that could see the app start looking more like the WeChat of the West. Snap will announce more details at a virtual conference on June 11. https://t.co/79ODNIGz8k

Source Fool.com

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