Snap expects ad platform to drive annual sales growth of over 50% for many years

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A logo of Snap is displayed on a monitor above the floor of the New York Stock Exchange shortly after the opening bell in New York

(Reuters) – Snap Inc’s self-serve advertising platform can drive multiple years of over 50% annual revenue growth, its product chief said on Tuesday.

Shares of the social media firm were up nearly 4% in afternoon trading.

(Reporting by Munsif Vengattil in Bengaluru and Sheila Dang in New York)

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