Snap stock (SNAP) tanked on Wednesday, sinking almost 35% as investors digested another disappointing quarterly report.
The Snapchat parent company posted Q4 quarterly revenue of $1.36 billion, below Street estimates for $1.38 billion. The company has now missed revenue estimates on six of the last eight reports. And now, it says it expects to lose more money in the current quarter than Wall Street expected too.
The company is now projecting an adjusted EBITDA loss in a range of $55 million…
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