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Friday, December 2, 2022

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Snapchat’s parent company Snap, Inc. is a let down to investors

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.

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Ruben Jay
Ruben Jay
Ruben Jay is an American broadcaster, media blogger, and podcast host. Currently, Ruben is the President of MultiMediaMouth.com and the executive producer and host of the popular podcasts You’re My Best Friend and ON AIR with Ruben Jay, exclusively on MultiMediaMouth.com. Follow Ruben on Instagram, Twitter, and Tiktok @TheRubenJay.

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