Snap’s spreadsheets start to crackle as sales pop

Snap has always been pretty good at coming up with new ideas to engage consumers but making money was always its Achilles heel.
For the three months ending December 31 sales hit $285.7 million, an increase of 72% year-on-year, while for the year it was up to $824.9 million, a 104% increase. While these numbers might sound impressive, net loss for the year stood at $3.4 billion mainly down to stock rewards to its engineers. This compares to a loss of $500 million in 2016. We’re not quite su