Tag: Sanapchat

Snapchat results failed to click with Wall Street

SAN FRANCISCO, United States (AFP) — Shares of Snapchat parent Snap sank to new lows on Thursday after the company reported a hefty quarterly loss and user growth which missed Wall Street expectations. Revenue at the California-based company more than doubled to $182 million while its loss soared to $443 million in the quarter that ended June 30, according to an earnings release. Snap reported a loss of $116 million in the same quarter last […]