Snap’s Growth Story Losing Fans - News Summed Up

Snap’s Growth Story Losing Fans


The problem with a stunning photo is that its subject will forever be measured against it. Snapchat’s parent company Snap Inc. faced this high hurdle when it reported third-quarter earnings on Tuesday, after its previous report in which it posted record user growth as a public company. Snap added 7 million daily active users in the latest period compared with the 4 million Wall Street was anticipating. Revenue also jumped 50% year over year to $446 million, the company’s best growth rate in more than a year.


Source: Wall Street Journal October 22, 2019 21:33 UTC



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