Startup's shares rise 164% on being confused with Snapchat
Shares of New York-based startup 'SNAP Interactive', surged by 164% in four days since Snapchat parent 'Snap' filed for a $3 billion initial public offering. Over 10,000 shares of the dating app maker traded on Wednesday, almost 10 times the average daily volume in January. SNAP Interactive's stock started rising in late January amid reports of Snap’s IPO filing.