SNAP Stock Rockets 25% as TikTok Ban Bill Presents Boon for Snap

Snap (NASDAQ:SNAP) stock rose sharply overnight on solid earnings, positive guidance, and hope that banning TikTok will win market share in the social media space.Snap lost $305 million, 19 cents per share, on revenue of $1.19 billion during the March quarter. But revenue was up 21% and there was free cash flow of $38 million.Snap has a TikTok competitor called Spotlight. The company said in its earnings release that Spotlight traffic has jumped 125% in the last year.SNAP stock was due to open this morning ...