Snap Shares Surge 16% In Premarket After Perplexity AI Deal And Stock Buyback Announcements
1. Snap shares rose 16.4% post-announcement of AI partnership with Perplexity. 2. Perplexity's AI will be integrated into Snapchat's chat interface next year. 3. Snap's Q3 revenue of $1.51 billion beat estimates by $20 million. 4. Daily active users increased by 8%, reaching 477 million this quarter. 5. Snap's board approved a $500 million stock buyback program.