Snapchat Parent Company Snap Inc. Reports Net Loss

May 12, 2017

Snapchat’s parent Snap Inc. announced a net loss of $2.2 billion in its first quarter earnings Wednesday, its first full report to investors since going public March 2. The report sent share prices plunging in after-hours trading. The company reported about $150 million in revenue. The net loss included $2 billion from “stock-based compensation expense.” This…

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