Why Snap's Value is Disappearing Quicker Than its Messages
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Snap shares at new lows after the social media company reported a disappointing earnings report Thursday. On Friday, Snap closed down more than 14 percent. But one bright spot in Snap's earnings, Axios' Sara Fischer says, is that Snapchat did add daily active users and grew in average revenue per user. On Thursday's earnings call Snap CEO Evan Spiegel said he is confident in the long term success of the company.
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