Snap, the parent company of the Snapchat application, lost more than 25% in electronic trading after the close of trading last night, due to disappointing quarterly results. The popular teen platform gained users and increased revenue in the second quarter, but the company said it was “not happy” with its performance in a note to investors. Snapchat had 347 million daily active users at the end of June, 18% more than a year ago, according to a press release from the Californian group. He also specifies that he continues to attract more people in all regions of the world, including in North America and Europe, where certain entertainment platforms are nevertheless facing the beginning of saturation. Snap is also doing well in terms of revenue, with a turnover of 1.1 billion dollars (+13% over one year). But its net losses .. Full article on jeanmarcmorandini.com
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