Why Snap Stock Jumped Today
Shares of Snap (NYSE: SNAP) have jumped today, up by 5% as of 3:20 p.m. EST, after CEO Evan Spiegel said the Snapchat parent would fact-check political ads. That would be in contrast to the controversial position that larger rival Facebook (NASDAQ: FB) has taken.
"We subject all advertising to review, including political advertising," Spiegel said in an interview with CNBC. "And I think what we try to do is create a place for political ads on our platform, especially because we reach so many young people and first-time voters we want them to be able to engage with the political conversation, but we don't allow things like misinformation to appear in that advertising."
Image source: Getty Images.
Source Fool.com
