07-11-2017 22:32 via theverge.com

Snap’s stock price plummets after weak earnings

Snap published its third quarter earnings report as a public company this afternoon. This first two did not go well, and the third was no better. The company missed investors’ expectations in terms of revenue and user growth, and the share price plunged over 15 percent in after-hours trading.The company brought in $207 million in revenue for the third quarter, up 62 percent over the same period last year. But its losses expanded much faster: Snap lost $443 million in the third quarter, nea
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