11-08-2017 13:17 via telecoms.com

Bad Snap numbers highlight Facebook’s social media dominance

Snap has released its results for the last quarter, with the over-arching lesson being Facebook is seemingly the only one that can make money from this social media thing.
Share price was down 13%, at the time of writing, as the steady decline since its IPO continues, after results were less than flattering. Daily Active Users (DAU) increased to 173 million, up 7.3 million from the previous quarter, though this was below the 175 million analysts were hoping to see, while revenue hit $182 million
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