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Snap Stock Plummets Amid Weak Earnings and User Engagement Concerns
Snap Stock Plummets Amid Weak Earnings and User Engagement Concerns
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BTCCSquare news:
Snap Inc. shares tumbled 18.4% following a disappointing Q2 earnings report that revealed troubling engagement trends. While revenue met analyst expectations at $1.35 billion, the company posted a $0.16 per-share loss—$0.01 worse than projected.
User growth showed mixed signals: global daily active users ROSE 8.6% to 469 million, but North American users declined sequentially. The crucial revenue-per-user metric missed targets at $2.87, compounding investor concerns about monetization challenges.
The sell-off occurred against a broader market uptick, with the S&P 500 and Nasdaq both gaining ground. Snap's performance highlights growing scrutiny on social media platforms' ability to convert user growth into sustainable profits.
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