CNN MONEY -- Apr 21 -- SNAP announced revenues in excess of $518,000 in the first quarter of 2008. This is compared to revenues of approximately $388,000 in the fourth quarter in 2007. The increase in revenue is attributed to the continued growth and popularity of SNAP's social networking applications. SNAP's dating applications averaged over 1m visits per day in the 1st quarter of 2008 and combine for over 11m installations.
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