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Snap swings to quarterly net loss, expects lower Q1 rev; shares fall

Summary by Ground News
Snap Inc swung to a net loss in the fourth quarter and said revenue could decline in the current quarter by as much as 10 per cent. The owner of photo messaging app Snapchat is the first of the major digital advertising platforms to report quarterly results. Shares of Snap fell 13 per cent to $10.30 in trading after the bell.
Published 2 months ago

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