Snap sinks to a 2-month low as fewer people use Snapchat every day (SNAP)
|08/08/2018||Posted by BusinessMediaguide.Com under General World News||
- Snap reported its first-ever decline in daily active users on Tuesday.
- Shares initially popped 10% after the company said it lost less money than Wall Street expected, but sank when markets opened Wednesday.
- Follow Snap’s stock price in real-time here.
Shares of Snap sank more than 6% Wednesday, falling to their lowest price since June, after the company reported active user numbers that disappointed investors.
For the second quarter, Snap said its total losses per share were smaller than Wall Street had feared and that revenue was more than analysts had expected. However, the company also saw its first-ever decline read more >>>