Snapchat gains users but continues to lose money
SNAPSnap(SNAP) Techxplore·2024-08-02 16:10

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Snapchat parent Snap has yet to make a profit as it battles with Meta and Google for online ad revenue. Snap shares plunged more than 16 percent on Thursday when a disappointing financial outlook eclipsed a rise in users of the image-centric social network Snapchat. California-based Snap said its loss in the recently-ended qua ...