Snap is losing its $10 users and gaining $1 ones. It beat anyway, and the stock jumped.

Snap had a good quarter, and the market treated it like a rescue. The shares jumped after hours, up as much as 13%, once the company beat estimates. The catch is where that rally begins: a stock near its all-time lows, down about 37% this year. The headline numbers were genuinely good. Revenue rose 19% […] This story continues at The Next Web