The Presidential Daily Brief


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    Snapchat Parent Company to Post First Public Earnings

    This is the moment of truth. Snap Inc. was valued at $30 billion when it went public in March, but Facebook’s essentially declared war on the company since then, launching its own versions of Snapchat’s popular features for Facebook’s massive user base. Snapchat’s also seen minor scandals that have sullied its reputation. Today’s posting of its first quarterly numbers as a public company will be keenly watched in Silicon Valley — particularly stats on user growth, which may have been dented by the craze for copycat Instagram Stories.

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