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Snap Warns of Sales Drop After Revenue Growth Stalls

Summary by Ground News
Snapchat's parent company reported stalled revenue growth and a large net loss for the final three months of 2022. Snap shares fell as much as 15% in after-hours trading following the report. The report marked the fourth straight quarter of net losses for Snap, which has suffered from increased competition in the social media market.

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  • 67% of the sources are Center
67% Center
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Wall Street Journal broke the news in New York, United States on Tuesday, January 31, 2023.
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