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Snap; 2Q Loss Widens More Than Expected; Rev Misses; Shares Down 12%

Shares of Snap (SNAP) are falling fast in after-hours market action after the messaging app maker reported a bigger-than-expected second quarter loss and revenue that fell short of expectations.

In fact, the company said its loss nearly quadrupled to $443 million as revenue growth slowed and the company added fewer new...


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