SNAPCHAT SUFFERING A LOSS IN REVENUE
SNAP the parent company of SNAPCHAT reported a loss of 2.2 billion dollars in sales while only reporting 150 million in revenue. The beloved social media app and company remain in a vigorous fight with Facebook, Instagram and Whatsapp after the integration of Stories and Snapchat like filters for end users. Does Snapchat regret the opportunity to sell to Facebook? We will continue to track this story.
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