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August 10, 2017 08:13 pm GMT
Snap’s Q2 earningsreport was another failure on a long, downward path for the social media company as user growth slowed under the pressure of Instagram. Snap added 7.3 million daily active users to reach 173 million with a 4.2% growth rate, slower than the 5% growth that got it to 166 million DAU in Q1. Snap missed on revenue that reached $181.6 million with a loss of -$0.16 earnings… Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/9smHp5IsT3U/
Snap sinks as Q2 growth and revenue fall short
Snap’s Q2 earningsreport was another failure on a long, downward path for the social media company as user growth slowed under the pressure of Instagram. Snap added 7.3 million daily active users to reach 173 million with a 4.2% growth rate, slower than the 5% growth that got it to 166 million DAU in Q1. Snap missed on revenue that reached $181.6 million with a loss of -$0.16 earnings… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/9smHp5IsT3U/
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