Snap, INC. released an earnings report for the last quarter, and it is not good. Snap, Inc. came in below analysts prediction.
Here are some highlights:
- Snap, Inc.’s earnings tripled in the last quarter compared to last year ($39 million in 2016, $149 million in 2017)
- Snap was expected to bring in $158 Million in revenue
- Snap spent $2.2 billion over one-quarter
- Shares closed at $22 and fell 22% after hours.