[NEW YORK] As investors toil over how to value Lyft Inc, one analyst who specialises in tech listings advises looking at the ill-fated IPO (initial public offering) by Snap Inc.

SNAP lost millions of users last year after an unpopular redesign of Snapchat, its ephemeral-messaging app. Now that exodus appears to be slowing.

[SAN FRANCISCO] Snap shares surged on Tuesday after it reported rising revenue, narrowing losses and a stable number of people using its Snapchat smartphone image-themed social network.

[SAN FRANCISCO] Snapchat parent Snap came under selling pressure on Thursday after a quarterly report showing a loss of one million users even as it grew revenues and narrowed losses.