Snapchat lost $2.2 billion last quarter

Snap; the parent company of Snapchat revealed a staggering loss in its first earnings report since going public in March. The company reported a net loss of $2.2 billion for the quarter Snap posted sales of $149.6 million for the March quarter, far below Wall Street estimates. Its user numbers also came up as Snap had 166 million daily active users in the March quarter, an addition of just 8


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