The disappearing stock price for Snap continues after another challenging quarter.
Shares of the social media platform crashed 25% in pre-market trading on Friday as third quarter sales marked the fifth straight quarterly deceleration. Profits were also lackluster as Snap continued to blame an advertising slowdown and Apple privacy changes for the execution missteps.
Here’s a snapshot of Snap’s dismal numbers:
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Net Sales: $1.13 billion vs. $1.14 billion estimate
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Daily Active Users: 363 million…
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