Why WM Technology Stock Was Surging Today

Shares of WM Technology (NASDAQ: MAPS) were up 25% as of 2:53 p.m. ET on Thursday after reporting strong growth for the fourth quarter.

Revenue accelerated to 22% growth over the year-ago quarter. Excluding certain retailers in Canada that failed to provide valid license information and were removed from the Weedmaps marketplace, revenue grew 39% year over year.

Demand for the Weedmaps app is looking strong right now. Monthly active users grew 57% year over year to 15.7 million. That is a faster rate than the third quarter's 37% increase. 

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Source Fool.com