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Snap vs. Facebook: Where the Cutthroat Competition Stands Now

Snap (SNAP) has always tried to set itself apart, but in the aftermath of the company's first earnings report since going public, Wall Street can't help but emphasize comparisons to Facebook (FB) , Twitter (TWTR) and other Silicon Valley tech giants.

That's because the parent company of Snapchat posted first-quarter results that missed expectations across the board, which sent shares down more than 21% to $18.05 on Thursday afternoon, after falling more than 23% after-hours on Wednesday. The stock is now hovering above its initial offering price of $17. The results left many analysts scratching their heads about where Snap is headed next (it doesn't help that Snap doesn't give guidance) and, for some, rethinking their previously aggressive estimates for revenue growth.

Analysts have been clamoring for updated user growth numbers as a means of measuring whether Snap...