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Snap shares plunged more than 16 percent on Thursday when a disappointing financial outlook eclipsed a rise in users of the image-centric social network
Snap shares plunged more than 16 percent on Thursday when a disappointing financial outlook eclipsed a rise in users of the image-centric social network Snapchat. California-based Snap said its loss in the recently-ended quarter shrank to $249 million from $377 million in the same period a year earler, while revenue grew to $1.2 billion from […]
The post Snapchat gains users but continues to lose money appeared first on Insider Paper.
https://insiderpaper.com/snapchat-gains-users-but-continues-to-lose-money/
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