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Your today's news about SNAP! $SNAP (+0.92%)

In after-hours U.S. trading on Thursday evening, Snap's stock fell by more than 20%. This was due to weaker-than-expected quarterly results. The social media giant also announced that it will hire fewer employees in the future due to sluggish revenue growth.

The number of daily active users (DAUs) rose 18% year-on-year to 347 million in the latest second quarter, beating market estimates. However, financial results were not positive, with revenue of $1.11 billion falling short of Wall Street forecasts and an adjusted loss per share of two cents, higher than expected.

🟥 $SNAP (+0.92%) ( 🔽-25,43%)

Source: https://bit.ly/3v9QGPE