
Snap shares fall on revenue miss, continued losses

Snap shares have fallen after the company reported it missed revenue estimates last quarter, with its net losses continuing to mount. Revenue was US$1.34 billion, up 9% year-over-year but below LSEG estimates of $1.35 billion. Its net loss per diluted share continued to drop from $0.15 to $0.16. “Our global community continued to grow in Q2, reaching 932 million Monthly Active Users as we co