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Why Snap Stock Fell 7% Despite Beating Expectations

Sean Allen
Why Snap Stock Fell 7% Despite Beating Expectations

Snap (SNAP), the parent company of Snapchat, announced its second-quarter 2018 earnings on Tuesday, August 7. Snap managed to shrink its losses from the previous year. While Snap was able to beat analysts’ projections for earnings and revenue in the second quarter, its DAU (daily active users) declined sequentially for the first time.