Is This The End Of Snapchat First Quarterly Report Shows 2 4 Billion Loss
On Wednesday, May 10, 2017, Snapchat issued their first quarterly report and the numbers are quite a negative surprise. According to the Wall Street Journal, they have reported the net loss of $2.2 billion, and compared to $104.6 million last year, it’s an enormous difference. The platform finds it hard to challenge other social networks in terms of users and ad revenue, and so their loss has severely exceeded their earnings....