Wednesday, May 2, 2018

Snap Inc. stock plunges after disappointing Q1 results

Snap Inc can't seem to turn itself around. Between threatening employees with jail time and pushing away users with the new Snapchat design, the company has had plenty of problems in recent months. Snap Inc released its Q1 earnings report yesterday, revealing lower revenue and daily active users than expected.

According to the report, Snap Inc had a revenue of 230.7 million during Q1 2017, well below the $244.5 million estimate from Thomson Reuters.

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Snap Inc. stock plunges after disappointing Q1 results was written by the awesome team at Android Police.



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