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Snap Inc.’s Stock Price Drops 21%

Sunday, May 06 2018

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Written by CMO Tech News

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The stock price of Snapchat operator Snap Inc. dropped 21% after the company announced that it missed estimates for sales and daily active users for the first three months of this year. So reports Bloomberg.

Analysts attributed the poor results to the company’s redesign of the Snapchat app and said the company risks losing users to Facebook’s Instagram.

Read the full article from Bloomberg.

Read 2531 times

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