Wednesday, May 10, 2017

Snapchat Parent Posts $2.2 Billion Loss in First Quarterly Report; Stock Plunges

Snap Inc. on Wednesday reported a $2.21 billion loss in its first quarter as a publicly traded company, magnifying the uphill battle the parent of Snapchat faces in establishing a profitable business while competing with social-media giants like Facebook and Twitter.

from WSJ.com: US Business http://ift.tt/2qsHlT1
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