Snap makes its Wall Street debut — in Twitter's annual report (SNAP, TWTR)

pulse

February 28, 2017 2:42 AM

Twitter now officially considers Snapchat's parent company as a competitor.

A Snapchat sign hangs on the facade of the New York Stock Exchange (NYSE) in New York City, U.S., January 24, 2017

Snapchat marked another Wall Street big premiere on Monday, with its first appearance on a competitor's annual financial report.

Snapchat parent company Snap's name appears twice in Twitter's 10K, which was filed with the SEC on Monday.

Twitter, which is struggling to revive lagging user growth and revenue, cited Snap among the many internet companies that compete fiercely for the same users.

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